OURGAME(HK:06899) Nan Fang Du Shi Bao·2025-10-15 09:09Core Viewpoint - The company, Lianzhong (06899 HK), announced a strategic move into the cryptocurrency sector, which led to a temporary suspension of its stock trading due to a misstatement in its announcement regarding its affiliate, Allied Gaming & Entertainment Inc. (AGAE) [2][4]. Group 1: Company Announcement - On October 14, Lianzhong mistakenly referred to AGAE as a subsidiary instead of an affiliate in a voluntary announcement [2]. - AGAE has begun investing in Bitcoin (BTC) and increasing its holdings in Ethereum (ETH), marking the initiation of a strategy to incorporate cryptocurrencies into its balance sheet [4]. - The announcement also laid the groundwork for AGAE's broader blockchain applications and the tokenization of Real World Assets (RWA), aiming to integrate blockchain technology with the core gaming and entertainment sectors [4]. Group 2: Blockchain and RWA Strategy - RWA refers to the conversion of real-world assets, such as real estate and bonds, into tradable digital tokens using blockchain technology [4]. - The integration of blockchain technology with the gaming and entertainment industry is expected to reshape the industry's value chain, with cryptocurrency investment being a crucial starting point for this strategic layout [5]. - AGAE plans to expand blockchain-based payment methods across its global IP portfolio, including esports events and immersive entertainment venues, while developing its own RWA tokenization model [5]. Group 3: Market Reaction - Following the announcement, Lianzhong's stock price surged by over 47% in early trading on October 15, although it later decreased to a closing increase of 25.42%, at HKD 0.370 per share [5].