Core Viewpoint - The company has signed a framework agreement with Tielin Superlight (Shenzhen) Technology Co., Ltd. to establish a close partnership aimed at advancing the business of Real World Asset (RWA) tokenization [1] Group 1: Partnership Details - The partner can provide high-quality underlying assets suitable for RWA issuance, leveraging its shareholder background and business scenarios [1] - The partnership is expected to last for one year, with the first project focusing on a renewable energy power plant with a total installed capacity of 61.66 megawatts [1] - The partner has confirmed an investment of approximately RMB 250 million in the renewable energy project [1] Group 2: Company Strengths - The company specializes in AI and big data technology, possessing competitive advantages in core information technology areas such as data governance and intelligent analysis applications [1] - The company aims to provide technical support and business consulting services for asset digitization and RWA issuance [1] Group 3: Strategic Benefits - The strategic cooperation is expected to provide the company with access to quality assets and project resources for RWA business [1] - The partnership will leverage the company's technological advantages in information technology services, artificial intelligence, and digital transformation to explore new revenue sources [1] - The board believes that this strategic cooperation aligns with the overall interests of the company and its shareholders [1]

Group 1 - Zhonglian Development Holdings (00264) surged over 60%, reaching a price of 1.95 HKD with a trading volume of 9.5866 million HKD [1] - The company announced plans to acquire 20% of NVTH Limited from NVTSH Limited for 100 million HKD, with 40 million HKD paid in cash and 60 million HKD through the issuance of 42.253 million shares at a price of 1.42 HKD per share [1] - The company intends to place up to 44 million shares at a price of 1.42 HKD per share, aiming to raise approximately 60.9 million HKD, with 40 million HKD allocated for the cash portion of the acquisition and about 20.9 million HKD for general working capital and strengthening the financial position [1] Group 2 - The target group primarily engages in blockchain-based real-world asset (RWA) tokenization technology infrastructure, providing trading and liquidity solutions aimed at connecting traditional finance with decentralized Web3 markets [1] - The target group is focused on building infrastructure that links traditional finance with the Web3 ecosystem, positioning itself as a pioneer in shaping the digital capital market landscape [1]

Core Viewpoint - Zhonglian Development Holdings (00264) experienced a significant surge of over 60%, reaching HKD 1.95 per share, with a trading volume of HKD 9.5866 million [1] Group 1: Acquisition Details - The company announced plans to acquire 20% of the issued share capital of NVTH Limited from NVTSH Limited for a total consideration of HKD 100 million, which is adjustable [1] - The payment structure includes HKD 40 million in cash and HKD 60 million through the issuance of 42.253 million consideration shares at an issue price of HKD 1.42 per share [1] Group 2: Fundraising and Use of Proceeds - The company intends to place up to 44 million placement shares at an issue price of HKD 1.42 per share, aiming to raise approximately HKD 60.9 million net [1] - Approximately HKD 40 million of the proceeds will be used to cover the cash portion of the acquisition, while around HKD 20.9 million will be allocated to enhance general working capital and strengthen the group's financial position [1] Group 3: Target Group Overview - The target group specializes in blockchain-based real-world asset (RWA) tokenization technology infrastructure, providing trading and liquidity solutions aimed at connecting traditional finance with decentralized Web3 markets [1] - The target group is positioned as a pioneer in shaping the digital capital market landscape by building infrastructure that links traditional finance with the Web3 ecosystem [1]

Core Viewpoint - Zhonglian Development Holdings (00264) experienced a significant surge of over 60%, reaching HKD 1.95 with a trading volume of HKD 9.5866 million following the announcement of a strategic acquisition [1] Group 1: Acquisition Details - The company plans to acquire 20% of the issued share capital of NVTH Limited from NVTSH Limited for a total consideration of HKD 100 million, which is adjustable [1] - The payment structure includes HKD 40 million in cash and HKD 60 million through the issuance of 42.253 million consideration shares at an issue price of HKD 1.42 per share [1] - The company also intends to place up to 44 million placement shares at the same price of HKD 1.42 per share, aiming to raise approximately HKD 60.9 million net, with HKD 40 million allocated for the cash portion of the acquisition and HKD 20.9 million for general working capital and strengthening the group's financial position [1] Group 2: Target Group Overview - The target group primarily engages in blockchain-based real-world asset (RWA) tokenization technology infrastructure, providing trading and liquidity solutions aimed at connecting traditional finance with decentralized Web3 markets [1] - The target group is focused on building infrastructure that links traditional finance with the Web3 ecosystem, positioning itself as a pioneer in shaping the digital capital market landscape [1]

Core Viewpoint - Jieli Trading (08017) and Boleton (01333) have seen significant stock price increases following the announcement of a strategic cooperation agreement to globally issue Real World Assets (RWA) [1] Group 1: Company Developments - Jieli Trading's stock rose by 4.69% to HKD 2.01, while Boleton's stock increased by 5.85% to HKD 46.7 [1] - The announcement includes plans for a strategic cooperation agreement among Jieli Trading, Boleton, and Golden Continent Holdings Limited (GCH) [1] Group 2: Strategic Initiatives - The three parties aim to promote three core collaborations: 1. Tokenization of RWA, packaging Boleton's renewable energy equipment operating income rights and green carbon reduction assets on-chain to create divisible and auditable on-chain financial products [1] 2. Development of a compliant Web3 payment system to enhance payment settlement efficiency within Boleton's business ecosystem [1] 3. Issuance and circulation of digital assets under the Hong Kong framework, with GCH's licensed company responsible for compliant asset tokenization and TGM handling product underwriting and subscription arrangements [1]

Core Insights - The conference focused on the trend of tokenization of Real World Assets (RWA) and explored the issuance paths, operational practices, and global development opportunities for RWA funds in Hong Kong [1][2] - Hong Kong is positioning itself as a global hub for RWA asset issuance and operation due to its robust financial infrastructure and open regulatory environment [1] Group 1: Industry Trends - RWA has become a crucial link between the real economy and the digital economy, facilitated by the deep integration of blockchain technology with traditional finance [1] - The global on-chain asset scale is projected to reach $269.42 billion by July 2025, with stablecoins accounting for over 90% of this figure [2] - Non-standardized asset tokenization, such as real estate, has seen significant growth, doubling in scale within six months [2] Group 2: Challenges and Solutions - Traditional financing models for small and medium-sized enterprises (SMEs) face challenges such as complex asset rights confirmation, low transaction efficiency, and high barriers for global investor participation [1] - RWA can enhance liquidity, reduce transaction costs, and eliminate geographical barriers, allowing global capital to efficiently connect with quality SME assets [1] Group 3: Regulatory and Operational Framework - The Hong Kong SME Association aims to collaborate with regulatory bodies and market participants to establish RWA-related standards and provide compliance guidance, technical support, and resource matching services [2] - The legal framework for RWA funds in Hong Kong emphasizes the principle of "same business, same risk, same rules" to ensure compliance [2] Group 4: Market Potential - Institutional investors recognize the advantages of the Hong Kong RWA market, including clear regulations, robust infrastructure, and capital aggregation, indicating significant future growth potential [3]