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].

Group 1 - Delin Holdings (01709) saw a significant increase in stock price, rising over 13% in the afternoon and reaching a price of 3.2 HKD with a trading volume of 437 million HKD [1] - The company announced a share subscription agreement with Asseto Holdings Limited and Pangu Software Pte Ltd, acquiring 77,400 A-class ordinary shares of Asseto, representing approximately 3.23% of its enlarged issued share capital [1] - Delin Holdings will also invest in Pangu, which operates a decentralized Web3 gaming platform and creates digital assets such as NFTs [1] Group 2 - In early August, Delin Holdings announced a placement to raise over 600 million HKD, with proceeds intended for strategic acquisitions and investments, as well as expanding its Real World Asset (RWA) tokenization business [1] - The funds will support the establishment of compliant virtual asset over-the-counter (VA OTC) and retail networks in Hong Kong and other regions, and invest in the ONE Carmel luxury residential project in the US to strengthen its position and network in Silicon Valley [1] - The company aims to enhance its financial product offerings, including the development of exchange-traded funds (ETFs) and quantitative investment strategies [1]

Core Viewpoint - Derlin Holdings (01709) has seen a significant stock price increase following the announcement of equity acquisition agreements with Asseto Holdings Limited and Pangu Software Pte Ltd, indicating positive market sentiment towards the company's strategic moves [1] Group 1: Equity Acquisition - Derlin Holdings will acquire 77,400 Class A common shares of Asseto, representing approximately 3.23% of its expanded issued share capital [1] - The company is also set to invest in Pangu, which operates a decentralized Web3 gaming platform and creates digital assets such as NFTs [1] Group 2: Fundraising and Strategic Investments - In early August, Derlin Holdings announced a placement to raise over HKD 600 million, which will be used for strategic acquisitions and investments [1] - The raised funds will support the establishment of compliant virtual asset OTC and retail networks in Hong Kong and other regions [1] - Investments will also be directed towards the ONE Carmel luxury residential project in the U.S., enhancing the company's position and network in Silicon Valley [1] - The company aims to expand its financial product line, including the development of ETFs and quantitative investment strategies [1]

Group 1 - Delin Holdings (01709) shares rose over 3%, currently up 3.25% at HKD 2.86, with a trading volume of HKD 144 million [1] - Delin Holdings announced the acquisition of equity in Asseto Holding Limited, with a post-transaction valuation of USD 40 million and ownership of 77,352 Class A common shares [1] - The company also invested USD 1 million in Pangu Software Pte Ltd to jointly develop a digital asset platform for tokenizing real-world assets (RWA) [1] Group 2 - Pangu operates a decentralized Web3 gaming platform, creating NFTs that represent in-game items, virtual land, equipment, and tokens [2] - The on-chain assets have liquidity, assetization potential, and cross-platform value transfer capabilities, aligning with the company's strategy to expand virtual asset management, trading, and tokenization [2] - Pangu's experience in developing and managing digital assets, designing economic incentive mechanisms, and attracting users will aid the company's growth in virtual assets and DeFi business [2]

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） 補充公告 Asseto已於穩定幣領域建立強大的戰略產業夥伴網絡，其中包括兩家正 籌備申請香港穩定幣牌照的實體。該等夥伴皆屬香港金融管理局穩定幣 「沙盒」計劃的早期參與者。其中一家積極與香港虛擬銀行合作開展跨境 試點項目，致力推動可編程支付與結算解決方案；另一家則為中國領先 電商集團的金融科技分支，在於香港開發穩定幣解決方案中扮演關鍵角 色，其核心原則為重視透明度、強健託管機制及儲備金披露。透過該等合 作關係，Asseto得以取得關鍵穩定幣基礎設施與監管專長，支持其參與香 港日益擴大的代幣化金融市場中受監管穩定幣及合規數字資產解決方案 的開發及未來供應。 認購價概覽及基準 (1)認購ASSETO HOLDINGS LIMITED股權；及 (2) ...

公司名稱: 德林控股集團有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01709 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/ ...

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） 延遲寄發 香港，2025年8月28日 於本公告日期，執行董事為陳寧迪先生、郎世杰先生、艾奎宇先生及賀之穎 女士；非執行董事為陳昆先生及王軼丁先生；及獨立非執行董事為張世澤 先生、陳政璉先生及劉春先生。 德林控股集團有限公司 主席、行政總裁兼執行董事 陳寧迪 誠如該等公告所述，本公司將相應向股東寄發一份通函（「通函」），當中載有 （其中包括）(i)特別授權認購協議及其項下擬進行交易（包括特別授權認購事 項及根據特別授權配發及發行特別授權認購股份）之進一步詳情；(ii)獨立董事 委員會函件，當中載有其就特別授權認購協議及其項下擬進行之關連交易（包 括特別授權認購事項及根據特別授權配發及發行特別授權認購股份）致獨立 股東之意見；(iii)獨立財務顧 ...

Core Viewpoint - Derin Holdings (01709.HK) announced the purchase of a total of 4.2 million shares from the market between August 22 and August 27, 2025, at an average price of approximately HKD 3.08 per share, to be held in trust for the benefit of selected participants [1] Summary by Category - **Share Purchase Details** - The trustee of the plan has executed the purchase of 4.2 million shares [1] - The average purchase price per share is around HKD 3.08 [1] - The shares will be held in trust for the benefit of selected participants [1]

根據計劃及信託契據的條款及條件，計劃的受託人已於2025年8月22日至27日 從市場購買合共4,200,000股本公司股份（「股份」），並為選定參與者的利益以 信託方式持有。購買詳情如下： | 購買日期 | : | 2025年8月22至27日 | | --- | --- | --- | | 購買股份總數 | : | 4,200,000股股份 | | 購買股份佔截至本公告日期現有已發行股 | : | 約0.25% | | 份總數的百分比（不包括庫存股份） | | | | 每股股份平均購買價 | : | 約3.08港元 | | 總購買價（不包括所有相關費用、交易徵 | : | 約12,947,000港元 | | 費、經紀費用、稅項、稅費及稅款） | | | 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： ...

Core Insights - The establishment of the "Hong Kong Digital Asset Listed Companies Association" marks a significant step in promoting digital assets in Hong Kong, with participation from over 80 listed companies and financial institutions [1][2] - The Hong Kong government is committed to fostering innovation in financial technology, with over 1,100 fintech companies operating in the region and a 15% annual growth rate [1][2] Group 1: Government Initiatives - The Hong Kong government plans to regularize the issuance of green bonds and explore tokenization applications in various sectors, including renewable energy [2] - A funding program has been launched to support projects with commercial potential, offering up to HKD 500,000 for tokenization certification and commercialization [2] Group 2: Participating Companies - A list of participating companies includes notable H-shares such as Guofu Quantum, China New Economy Investment, and Huya Capital, among others [3] - A-share participants include Zhaoxin Co. and Jingbeifang, while US-listed companies include Galaxy Digital and Amber [4]