Core Viewpoint - The company has signed a non-binding memorandum of understanding with Zhongwan International Financial Limited and Yunzhi Digital Technology Limited to establish a long-term strategic partnership aimed at expanding the digital asset business in the cultural and tourism sector [1][2] Group 1: Partnership Details - The collaboration involves Zhongwan International, a holding company for several licensed financial institutions in Hong Kong, which possesses expertise in cross-border financing and capital operations [1] - Yunzhi Technology specializes in blockchain and cryptocurrency applications, with a developed platform for digital asset tokenization [1] Group 2: Project Objectives - The project aims to promote the digital transformation of cultural and tourism assets, focusing on the launch of collectible cards and research on stablecoin applications [2] - The initiative is expected to enhance asset liquidity and capital operation efficiency, aligning with the digitalization trend in the cultural and tourism industry [2]

Core Insights - The company has signed a non-binding memorandum of understanding with Zhongwan International Financial Limited and Yunzhi Digital Technology Limited to establish a long-term strategic partnership aimed at expanding the digital asset business in the cultural and tourism sector [1][2] - The collaboration will focus on the digital transformation of cultural and tourism assets, particularly in the areas of collectible card sales and stablecoin application research [1][2] Group 1 - The partnership aims to leverage the expertise of Zhongwan International in cross-border financing and capital operations, while Yunzhi will provide blockchain technology integration and product development support [1] - The project is expected to enhance asset liquidity and capital operation efficiency, aligning with the digitalization trend in the cultural and tourism industry [2] - The company plans to capitalize on the development opportunities presented by Hong Kong's RWA policy to explore deeper integration of cultural tourism assets with digital finance [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。 Feiyang International Holdings Group Limited 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1901） 自願公告 戰略合作備忘錄 共同開拓文旅RWA經濟及潮玩數實卡牌業務 飛揚國際控股（ 集團 ）有限公司（「本公司」）欣然宣佈，於2025年11月13日，本公司 與中灣國際金融有限公司（「中灣國際」）及雲鋕數字科技有限公司（「雲鋕科技」）共 同簽署一份不具法律約束力的諒解備忘錄（「備忘錄」），旨在建立長期戰略合作關 係，共同拓展文旅數字資產業務發展。 合作方背景 – 1 – . 中灣國際為香港數家持牌金融機構的控股公司，持有香港證券及期貨事務監 察委員會頒發的第1、4、6及9類受規管活動牌照，在跨境融資、資本運作及 財務顧問等領域具備專業能力與豐富 ...

Core Insights - Feiyang Group (01901) announced the successful completion of the subscription for the first "physical card carrier + real cultural tourism asset (rights) landing + blockchain full-process certification" project, which was achieved on September 29, 2025 [1][2] - The project is based on the core assets of the Mili City Lakeside Baiman Hotel and related cultural tourism rights, with a total issuance amount of 5.5 million yuan, aiming to establish a digital benchmark for the digitization of real cultural tourism assets [1] - The project marks the transition from the preparatory subscription phase to the execution phase, ensuring the activation of key processes such as physical card production, cultural tourism rights docking, and blockchain certification [2] Project Details - The project involves collaboration with multiple parties, including Qingdao Cultural Property Exchange Center, Mili City Hotel and Homestay Industry Association, Conflux Network, Shanghai Owa Universe Digital Technology Co., Ltd., and Beijing Shuhe Technology Co., Ltd. [1] - The initiative aims to promote the construction of digital standards for real cultural tourism assets and rights, leveraging the company's advantages in tourism resource integration and digital application [1] - The successful subscription provides a strong guarantee for subsequent key steps, accelerating collaboration among all parties to meet established timelines for the realization of the project's core goals [2]

Group 1 - The core point of the article is that Feiyang Group (01901) has seen a stock price increase of over 5%, currently at 0.40 HKD, following a strategic cooperation agreement with Qingdao Cultural Property Exchange Center in the digitalization of cultural tourism assets [1] - The strategic cooperation framework agreement focuses on building a digital trading platform for tourism assets, joint development of digital resources, and exploring innovative business models for digital asset trading in Hong Kong and overseas [1] - The collaboration is expected to positively impact the group's digital business landscape and enhance asset operational efficiency [1] Group 2 - With the upcoming Mid-Autumn Festival and National Day holidays, there is increased attention on the tourism sector, with National Securities International forecasting a 7.0% and 8.3% year-on-year increase in domestic tourism revenue and per capita visits during the National Day holiday [1] - The core indicators for the National Day holiday will focus on the recovery progress of customer spending, which, if better than expected, could boost optimism in the sector [1]

Group 1 - The core viewpoint of the article highlights the significant increase in the stock price of Feiyang Group, which rose over 5% and reached 0.40 HKD, with a trading volume of 5.7194 million HKD [1] - Feiyang Group's wholly-owned subsidiary, Zhejiang Feiyang International Tourism Group Co., Ltd., signed a strategic cooperation framework agreement with Qingdao Cultural Property Exchange Center to explore potential collaboration in the digitalization of cultural tourism assets [1] - The cooperation will focus on building a digital trading platform for tourism assets, jointly developing digital resources, researching the application of digital technology in asset verification and trading, and exploring innovative business models for digital asset trading in Hong Kong and overseas [1] Group 2 - The upcoming Mid-Autumn Festival and National Day holidays are expected to catalyze interest in the tourism sector, with Guozheng International forecasting a 7.0% and 8.3% year-on-year increase in domestic tourism revenue and per capita visits during the National Day holiday [1] - The core indicators for the National Day holiday will be the recovery progress of customer spending, which, if better than expected, could boost optimism in the tourism sector [1]

Core Viewpoint - Feiyang International (01901.HK) has signed a strategic cooperation framework agreement with Qingdao Cultural Property Exchange Center to explore potential collaboration in the digitalization of cultural and tourism assets, aiming to enhance business innovation and market competitiveness [1] Group 1: Strategic Cooperation Details - The cooperation focuses on building a digital trading platform for tourism assets and exploring compliant and efficient mechanisms for the circulation of digital cultural and tourism assets [1] - Joint efforts will include the digital development of cultural and tourism resources and IP incubation to foster new consumption scenarios in the cultural and tourism sector [1] - The partnership will investigate the application of digital technologies such as blockchain in the certification and trading of cultural and tourism assets [1] - There is an intention to explore innovative business models for digital asset trading in Hong Kong and overseas markets [1] Group 2: Expected Impact - The potential collaboration is expected to help the company integrate resources in the cultural and tourism industry with digital trading capabilities, enhancing operational efficiency [1] - The board believes that this partnership will allow the company to seize opportunities in the digitalization of cultural and tourism sectors, creating sustained value for shareholders [1]

Core Viewpoint - The company has signed a strategic cooperation framework agreement with Qingdao Cultural Property Exchange Center to explore potential collaboration in the digitalization of cultural tourism assets, aiming to enhance business innovation and market competitiveness [1][2] Group 1: Strategic Cooperation Details - The agreement focuses on building a digital trading platform for tourism assets and exploring compliant and efficient mechanisms for the circulation of digital cultural tourism assets [1] - Joint efforts will include the digital development of cultural tourism resources and IP incubation to foster new consumption scenarios in the cultural tourism sector [1] - The collaboration will also investigate the application of digital technologies such as blockchain for asset certification and transactions in the cultural tourism industry [1] - The parties will explore innovative business models for expanding digital asset trading in Hong Kong and overseas [1] Group 2: Expected Impact - The potential collaboration is expected to enhance the company's ability to integrate resources in the cultural tourism industry and improve digital trading capabilities [2] - It aligns with the company's long-term development strategy and is anticipated to positively impact the efficiency of asset operations and the expansion of digital business scenarios [2] - The board believes that this partnership will help the company seize opportunities in the digitalization of cultural tourism, creating sustained value for shareholders [2]

Core Viewpoint - The company has signed a strategic cooperation framework agreement with Qingdao Cultural Property Exchange Center to explore potential collaboration in the digitalization of cultural tourism assets, aiming to enhance business innovation and market competitiveness [1][2] Group 1: Strategic Cooperation Details - The agreement focuses on building a digital trading platform for tourism assets and exploring compliant and efficient mechanisms for the circulation of digital cultural tourism assets [1] - Joint efforts will include the digital development of cultural tourism resources and IP incubation to foster new consumption scenarios in the cultural tourism sector [1] - The collaboration will also investigate the application of digital technologies such as blockchain for asset certification and transactions in the cultural tourism industry [1] - The parties will explore innovative business models for expanding digital asset trading in Hong Kong and overseas [1] Group 2: Expected Impact - The potential collaboration is expected to enhance the company's ability to integrate resources in the cultural tourism industry and improve digital trading capabilities [2] - It aligns with the company's long-term development strategy and is anticipated to positively impact the efficiency of asset operations [2] - The board believes that this partnership will help the company seize opportunities in the digitalization of cultural tourism, creating sustained value for shareholders [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。 Feiyang International Holdings Group Limited 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司 一、合作方基本情況 青島文交中心為具備文化產權交易資質的專業機構，在文化產權交易與數字 化運營方面擁有豐富經驗和資源。本集團作為專注於文旅業務的香港聯合交 易所有限公司主板上市企業，在旅游資源整合與數字化場景應用方面具有顯 著優勢。 二、框架協議主要內容 雙方本著「平等互利、合作共贏」的原則，旨在共同推動文旅資產數字化標準 建設與交易生態發展，重點合作內容包括： （於開曼群島註冊成立之有限公司） （股份代號：1901） 自願公告 戰略合作框架協議 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司（「 本 公 司 」， 連 同 其 附 屬 公 司 統 稱「 本 集 團 」）董 事 （「董事」）會（「董 ...