香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 條款清單僅載列擬收購事項之主要條款，訂約方將就正式協議之最終條款 進行磋商並達成協議。 1 擬收購事項如得以落實，將可能構成本公司之主要交易，並將須遵守上市規 則項下公告、報告及獲股東批准規定。本公司將適時根據上市規則之適用規 定刊發進一步公告。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 就比特幣礦機擬收購事項 訂立的具法律約束力的條款清單 董事會欣然宣佈，於2025年9月15日（交易時段後），本公司與Fortune Peak 訂立條款清單，內容有關比特幣礦機的擬收購事項，包括按代價21,852,600 美元收購2,200台S21XP HYD比特幣礦機，總算力約為1,040,600 TH/s。代價 將按發行以下各項 ...

Market Overview - The Hong Kong stock market opened lower but rebounded, with the Hang Seng Index closing up 0.22% at 26,446.56 points and a total turnover of HKD 290.2 billion [1] - The Hang Seng China Enterprises Index rose 0.21% to 9,384.76 points, while the Hang Seng Tech Index increased by 0.91% to 6,043.61 points [1] Blue Chip Performance - WuXi Biologics (02269) led blue-chip stocks, rising 6.47% to HKD 38.84, contributing 13.66 points to the Hang Seng Index [2] - Other notable blue-chip performers included Li Auto-W (02015) up 4.56% and Nongfu Spring (09633) up 4.11% [2] Sector Highlights - The large technology stocks mostly rose, with Alibaba up over 2% and Kuaishou up 1% [3] - The lithium battery sector saw significant gains, with CATL (03750) surging 7% to a new high [3] - The pharmaceutical sector also performed well, with Jiangsu Hengrui Medicine (02617) skyrocketing 115% [3] Policy and Industry Developments - The National Development and Reform Commission and the National Energy Administration announced a plan to achieve a new energy storage capacity of over 180 million kilowatts by 2027, with an investment of approximately RMB 250 billion [4] - The Ministry of Industry and Information Technology released a plan for the automotive industry aiming for 32.3 million vehicle sales in 2025, with a focus on new energy vehicles [6] Stock Movements - Jiangsu Hengrui Medicine (02617) experienced a dramatic increase of 115.58%, reaching HKD 415 [8] - Lion Group (02562) surged 25.34% to HKD 19.24 after announcing a binding investment agreement in AI and blockchain [9] - Shanghai Fudan (01385) faced pressure, dropping 3.77% to HKD 37.82, following its inclusion in the U.S. entity list [11]

Group 1 - The core viewpoint of the news is the strategic cooperation and investment agreement between Winner Fashion and Derlin Holdings regarding the RWA tokenization plan, which has led to significant stock price increases for both companies [1][2] - Winner Fashion's stock rose by 20.88% to HKD 9.67, while Derlin Holdings' stock increased by 5.14% to HKD 3.68 following the announcement [1] - The agreement includes a conditional commitment from Derlin Holdings to subscribe for shares at a specified price, which will represent approximately 0.65% of Winner Fashion's existing issued share capital [1] Group 2 - The total amount raised from the subscription will be HKD 29.9 million, with a net amount of approximately HKD 29.6 million after deducting applicable costs and expenses [1] - Winner Fashion plans to use the net proceeds from the subscription for general working capital [1] - The framework for tokenization will be based on 10% of the audited revenue of Winner Fashion's main brand, NEXY.CO, for the fiscal year ending December 31, 2025 [2]

Major Events - China Power (02380) plans to acquire a 31% stake in Dazhou Energy [1] - Shun Teng International Holdings (00932) received a 20% discount from Chairman Zhang Shaohui for a full acquisition offer [1] - Huajian Medical (01931) established a joint venture to deepen the global blockchain financial ecosystem strategy through the "ETHK" core brand [1] - Derin Holdings (01709) signed a strategic cooperation and investment agreement with Winner Fashion (03709) [1] - Dongwu Cement (00695) major shareholder Goldview intends to sell a total of 204 million shares, making Hong Kong Aviation the single largest shareholder [1] - CSPC Pharmaceutical Group (01093) received clinical trial approval for SYH2066 tablets in China [1] - GAC Group (02238) plans to issue up to 15 billion yuan in corporate bonds and 15 billion yuan in medium-term notes [1] - Huatai Securities (06886) plans to issue up to 6 billion yuan in corporate bonds [1] - Ark Health (06086) stated that the H2H conference news is not insider information and is unaware of the reason for the stock price increase [1] Financial Data - China Resources Land (01109) reported a cumulative contract sales amount of 136.8 billion yuan for the first eight months, a year-on-year decrease of 12.0% [1] - Yuexiu Property (00123) reported a cumulative contract sales amount of approximately 73.011 billion yuan for the first eight months, a year-on-year increase of approximately 3.7% [1] - Zhong An Online (06060) reported a total original insurance premium income of approximately 23.625 billion yuan for the first eight months, a year-on-year increase of 6.36% [1]

Core Viewpoint - Derin Holdings (01709) and Winner Fashion (03709) have entered into a strategic cooperation and investment agreement, focusing on a tokenization plan for RWA [1] Group 1: Strategic Cooperation and Investment Agreement - The agreement was signed on September 12, 2025, with Derin Holdings conditionally agreeing to subscribe for shares at the subscription price upon completion [1] - Winner Fashion conditionally agrees to issue and allot subscription shares at the subscription price [1] - The subscription shares represent approximately 0.65% of Winner's existing issued share capital as of the date of the announcement [1] Group 2: Financial Details - The total amount raised from the subscription will be HKD 29.9 million, with the estimated net proceeds being HKD 29.6 million after deducting applicable costs and expenses [1] - Winner intends to use the net proceeds for general working capital [1] Group 3: Tokenization Framework - The strategic cooperation includes a framework for the tokenization of distributable profits intended for Winner's shareholders, calculated based on 10% of the audited revenue of Winner's main brand, NEXY.CO, for the fiscal year ending December 31, 2025 [1] - Final agreements will be negotiated, with further announcements to be made as necessary [1]

Core Viewpoint - Derlin Holdings (01709) and Winner Fashion (03709) have entered into a strategic cooperation and investment agreement, with a focus on a tokenization plan for RWA [1] Group 1: Strategic Cooperation and Investment Agreement - The agreement is set to be completed on September 12, 2025, where Derlin Holdings conditionally agrees to subscribe for shares at the subscription price, and Winner conditionally agrees to issue shares at the same price [1] - The subscribed shares will represent approximately 0.65% of Winner's existing issued share capital as of the announcement date, and will also represent about 0.65% of the enlarged issued share capital after the issuance [1] Group 2: Financial Details - The total amount raised from the subscription will be HKD 29.9 million, with the estimated net proceeds after costs being HKD 29.6 million [1] - Winner intends to use the net proceeds for general working capital [1] Group 3: Tokenization Framework - The strategic cooperation includes an agreement on a framework for the tokenization of a portion of distributable profits intended for Winner's shareholders, calculated based on 10% of the audited revenue of Winner's main brand, NEXY.CO, for the fiscal year ending December 31, 2025 [1] - Final agreements will be negotiated, with further announcements to be made as necessary [1]

Core Insights - Derlin Holdings (01709.HK) announced a strategic cooperation and investment agreement with Winner, which includes conditional agreements for share subscription and issuance [1] - The total amount raised from the subscription will be HKD 29.9 million, with a net amount of approximately HKD 29.6 million after costs [1] - The net proceeds will be used for general working capital, and a framework for tokenization of distributable profits has been established [1] Group 1 - The strategic cooperation involves Derlin Holdings agreeing to subscribe for shares equivalent to approximately 0.65% of Winner's existing issued share capital [1] - The subscription proceeds will be based on 10% of the audited revenue of Winner's main brand, NEXY.CO, for the fiscal year ending December 31, 2025 [1] - Further agreements will be negotiated, with additional announcements to be made as necessary [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本 聯合公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 本聯合公告僅供參考，並不構成收購、購買或認購贏家時尚控股有限公司或 德林控股集團有限公司任何證券的邀請或要約。 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：3709） EEKA Fashion Holdings Limited 贏 家 時 尚 控 股 有 限 公 司 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 聯合公告 戰略合作及根據一般授權 發行新贏家股份 須予披露交易－戰略合作及 認購新贏家股份 戰略合作及投資協議 贏家董事會與德林控股董事會欣然宣佈，於2025年9月12日（交易時段結束 後），贏家與德林控股訂立戰略合作及投資協議，據此，(i)德林控股有條件同 意於完成日期按認購價認購認購股份，而贏家有條件同意按認購價配發及 發行認購股份；及 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 於2025年9月12日舉行的股東週年大會 按股數投票表決結果 董事會欣然宣佈，於2025年股東週年大會上，股東週年大會通告所載所有提 呈決議案已獲股東以按股數投票表決方式正式通過。 股東週年大會按股數投票表決結果 德林控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈， 於2025年9月12日（星期五）舉行的本公司股東週年大會（「 2025年股東週年大 會」）上，本公司日期為2025年7月31日的股東週年大會通告（「股東週年大會通 告」）所載的所有提呈決議案（「提呈決議案」）已獲本公司普通股（「股份」）持有 人（「股東」）以按股數投票表決方式正式通過。 於2025年股東週年大會日期，已發行股份為1,750,848,877股 ...

Core Viewpoint - The article discusses the significant gap between the heated discussions around Real World Assets (RWA) and their actual implementation, highlighting the potential to bring trillions of dollars in physical assets into the blockchain space, thus initiating a new era of value interconnection [2]. Group 1: Compliance Costs - The compliance costs for issuing RWA are extremely high due to the "same risk, same regulation" principle adopted by Hong Kong regulators, which leads to initial RWA projects being concentrated in low-risk standardized products like money market funds and government bonds [3]. - Once RWA assets move beyond these low-risk products, compliance costs increase exponentially, as seen with Robinhood's attempt to tokenize standardized assets in Europe, which drew regulatory scrutiny [3]. - Many RWA projects in Hong Kong involve assets located in mainland China, adding extra regulatory costs related to sensitive data and cross-border capital [3]. Group 2: Investor Behavior - Currently, RWA projects in Hong Kong's sandbox are limited to qualified investors, primarily institutions, which leads to more rational investment decisions and reduces the likelihood of speculative behavior [4]. - An example is provided where a real estate token financing project failed due to the high premium over market value, demonstrating that qualified investors are less likely to take risks compared to retail investors [5]. Group 3: Future Outlook - The company expresses optimism about the future of RWA projects, citing the proven credibility of blockchain technology in providing decentralized trust and the potential for tokenizing quality assets to lower transaction costs [6]. - The ultimate goal is to democratize access to high-quality assets, which are currently monopolized by traditional financial institutions, aligning with the direction of Hong Kong's Web3.0 efforts [6].