Core Viewpoint - Empire Financial Group (08029) plans to issue up to 46.68 million shares at a price of HKD 0.388 per share, representing a discount of approximately 19.17% from the closing price of HKD 0.480 on September 17, 2025 [1] Summary by Categories Share Placement Details - The proposed share placement will account for about 16.67% of the company's enlarged issued share capital [1] - If all shares are fully placed, the total proceeds from the placement are expected to be approximately HKD 18.1 million, with a net amount of about HKD 17.6 million [1] Use of Proceeds - Approximately HKD 7 million is intended for general working capital [1] - Around HKD 6 million will be allocated for further development of financial services, including enhancements related to cryptocurrency trading and management [1] - Approximately HKD 4.6 million is earmarked for the development and investment in Web 3.0 businesses and projects [1]

Core Viewpoint - Empire Financial Group (08029) plans to issue up to 46.68 million shares, representing approximately 16.67% of the company's enlarged issued share capital, at a price of HKD 0.388 per share, which is a discount of about 19.17% compared to the closing price of HKD 0.480 on September 17 [1] Summary by Categories Share Placement Details - The total proceeds from the share placement are estimated to be approximately HKD 18.1 million, with net proceeds expected to be around HKD 17.6 million [1] - The share placement price reflects a significant discount to the market price, indicating potential dilution for existing shareholders [1] Use of Proceeds - Approximately HKD 7 million is intended for general working capital [1] - About HKD 6 million will be allocated for further development of financial services, including enhancements related to cryptocurrency trading and management [1] - Approximately HKD 4.6 million is earmarked for the development and investment in Web 3.0 businesses and projects [1]

Core Viewpoint - Kaisa Capital Investment Group has officially launched a strategic transformation focusing on digital financial innovation in the Web3.0 space, leveraging its shareholder resources and industry advantages [1] Group 1: Strategic Transformation - The company aims to explore digital financial innovation within a compliant regulatory environment, starting from Hong Kong [1] - Kaisa has established a partnership with a licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission to promote the tokenization of real-world assets (RWA) [1] Group 2: Future Directions - The company plans to continue its innovation efforts in financial technology, digital finance, and Web3.0, aiming to create long-term value that aligns with the trends of the new era [1]

Core Viewpoint - Kaisa Capital has officially launched a strategic transformation aimed at exploring digital financial innovation within a compliant regulatory environment, leveraging its shareholder resources, industry strengths, and regional advantages [1] Group 1: Strategic Transformation - The company is initiating a strategic transformation on September 17, focusing on digital financial innovation [1] - The transformation will utilize shareholder resources and its own industry and regional advantages [1] Group 2: Collaboration and Technology - Kaisa Capital has partnered with a licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission [1] - The collaboration aims to promote the development of Real World Asset (RWA) tokenization under Hong Kong's regulatory framework [1] Group 3: Web 3.0 Focus - The company is leveraging its technological accumulation in the Web 3.0 field to support its strategic goals [1]

格隆汇9月17日｜佳兆业资本(0936.HK)发布公告，公司董事会宣布，本集团已于2025年9月17日与获香 港证监会发牌的虚拟资产交易平台达成合作，共同推进香港合规框架下的现实世界资产(RWA)代币化发 展。未来，本集团将持续推动在金融科技、数字金融及Web3.0领域的创新探索与资源整合。 ...

Core Viewpoint - Kaisa Capital (00936) has officially initiated a strategic transformation, leveraging shareholder resources, its own industry and regional advantages, and technological accumulation in the Web3.0 field to explore digital financial innovation within a compliant regulatory environment starting from Hong Kong [1] Group 1: Strategic Transformation - The company aims to explore digital financial innovation by utilizing its resources and technological advantages in the Web3.0 sector [1] - A partnership has been established with a licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission to promote the tokenization of real-world assets (RWA) under Hong Kong's compliance framework [1] Group 2: Future Directions - The company will continue to drive innovation and resource integration in the fields of fintech, digital finance, and Web3.0, creating long-term value that aligns with the trends of the new era [1]

Core Viewpoint - Kaisa Capital (00936.HK) has officially initiated a strategic transformation, leveraging shareholder resources, its own industry and regional advantages, and technological accumulation in the Web3.0 field to explore digital financial innovation under a compliant regulatory environment starting from Hong Kong [1] Group 1 - The company has partnered with a licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission to promote the development of Real World Asset (RWA) tokenization within Hong Kong's compliance framework [1] - Kaisa Capital aims to continuously drive innovation and resource integration in the fields of fintech, digital finance, and Web3.0, creating long-term value that aligns with the trends of the new era [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，概不對因本公告全部或任 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。 KAISA CAPITAL INVESTMENT HOLDINGS LIMITED 佳兆業資本投資集團有限公司 （ 於開曼群島註冊成立之有限公司 ） （股份代號：936） 自願性公告 關於戰略轉型及開展現實世界資產(RWA)代幣化業務佈局 本公告由佳兆業資本投資集團有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願作出，以知會其股東及潛在投資者有關本集團之最新業務發展。 本公司董事會（「董事會」）欣然宣佈，本集團正式啟動戰略轉型，依託股東資源、 自身產業與區域優勢，以及與合作夥伴在Web3.0領域的技術積累，以香港為起點， 探索在合規監管環境下的數字金融創新。 基於上述資源與技術優勢，本集團已於2025年9月17日與獲香港證監會發牌的虛擬 資產交易平台達成合作，共同推進香港合規框架下的現實世界資產(RWA)代幣化 發展。 於本公告日期，董事會成員包括執行董事郭英成先生、于蕙銘先生及李健萍女士； ...

Core Insights - The report focuses on the rise of Real-World Assets (RWA) tokenization, analyzing its concept, value, regulation, practice, and trends, highlighting its role in bridging traditional finance and the Web3.0 ecosystem [1][11][13]. Group 1: RWA Concept and Background - RWA refers to the tokenization of physical assets like real estate, bonds, and commodities using blockchain technology, enhancing asset liquidity, transparency, and accessibility [1][18]. - The emergence of RWA addresses traditional financial pain points such as low liquidity, high entry barriers, and lack of transparency, leveraging blockchain's immutable nature and smart contracts for automation [1][23][25]. - The global RWA market has surpassed hundreds of billions of dollars, with expectations for explosive growth in the coming years [13][24]. Group 2: Investment Value and Advantages - RWA significantly enhances asset liquidity and market efficiency, with tokenized real estate trading cycles averaging 47 days compared to traditional commercial real estate's 6-9 months [2][39]. - RWA improves investment accessibility and promotes financial inclusion by lowering entry barriers, allowing broader participation in high-value assets [2][39]. - The tokenization process increases transparency and security, although challenges regarding the credibility of off-chain data remain [2][39]. Group 3: RWA Asset Categories and Examples - RWA encompasses diverse asset categories, including stablecoins (e.g., USDT, USDC), private credit, U.S. Treasury bonds, real estate, commodities, intellectual property, and emerging sectors like renewable energy and agriculture [2][29][30]. - Stablecoins serve as foundational RWA, providing a stable value anchor and facilitating the integration of Web3.0 with the real economy [2][34][37]. - The tokenization of real estate allows fractional ownership, significantly reducing investment thresholds and enhancing liquidity [2][30]. Group 4: Global Regulatory Landscape - The global regulatory framework for RWA is evolving, with a focus on compliance and risk management, as seen in the U.S. GENIUS Act and the EU MiCA regulation [3][4]. - Different jurisdictions are adopting varied approaches to RWA regulation, with the U.S. and EU leading in establishing comprehensive frameworks [3][4]. - In China, RWA is in a regulatory gray area, with initiatives focusing on private chains and sectors like renewable energy and agriculture [3][4]. Group 5: Future Trends and Challenges - The RWA market is expected to grow significantly, driven by institutional participation and the increasing importance of stablecoins as a liquidity infrastructure [3][6][12]. - Emerging asset categories like computing power are gaining traction, presenting new opportunities and legal challenges [3][6][12]. - The report emphasizes the need for ongoing research into the intersection of law and technology to support the healthy development of RWA [3][6].

Core Insights - The company has experienced significant growth in user base and performance, particularly in the mainland China market, despite facing stringent security reviews that have impacted user experience [1] - The decision has been made to transition all operations to the EAIP platform, which aims to leverage decentralized technology to mitigate security concerns and enhance user experience [1] - The introduction of Web3.0 is expected to create diverse product scenarios and tap into a broader user base, potentially leading to explosive global market growth and greater returns for members [1] Summary by Sections User Experience and Security - The mainland market's increasing security scrutiny has affected user login and usage experiences, prompting the company to implement various security upgrades [1] - The company emphasizes that ensuring user asset safety and legal rights remains its top priority, regardless of the platform used [1] Transition to EAIP Platform - The EAIP platform represents a new strategic layout that combines the principles of Agriculture 4.0 with the benefits of Web3.0 [1] - The mapping process to the EAIP platform is set to occur from August 25, 2025, to September 25, 2025, during which all operations on the SCEA platform will be halted [4][5] User Asset Management - During the mapping period, users will be able to check their account balances and details, ensuring that their funds remain unchanged post-mapping [2] - All unprocessed withdrawals and red envelopes will be returned, and users' original asset totals will remain the same, with all earnings being mapped accordingly [3]