Core Insights - Huajian Medical has made significant strides in the digital asset sector, with the completion of the ETHK building in Nanjing, which is dedicated to the research and development of Real World Asset (RWA) digitalization technology [2][11] - The company's market capitalization surged from approximately HKD 30 billion in mid-July to HKD 170 billion by September 19, reflecting a substantial increase of about HKD 140 billion [4] - The founder's share value increased by approximately HKD 40 billion during this period, indicating strong investor interest and confidence in the company's new direction [7] Company Developments - The ETHK building, with a total area of about 70,000 square meters, aims to gather over 5,000 technical experts and partners, establishing one of the strongest RWA technology teams globally [13] - Huajian Medical has rebranded itself as "Huajian Digital Industry Group" and "ETHK Labs Inc." to reflect its new focus on digital assets and Web3 trading platforms [17][18] - The company has formed joint ventures, including ETHK INC and ETHK HOLDINGS LIMITED, to develop a decentralized financial platform and integrate industry resources [20] Strategic Moves - In July, Huajian partnered with BGI's Huada Gongying to establish the world's first "Innovative Drug Intellectual Property Tokenization Fund" [9] - The company acquired a 20.31% stake in Guofu Quantum for HKD 31 billion, positioning itself as a major player in the traditional and blockchain finance sectors [11] - A collaboration with Renhe Pharmaceutical aims to create the first OTC RWA exchange, leveraging Renhe's extensive intellectual property assets for global financing [22] Financial Performance - Huajian Medical's revenue for the first half of the year was approximately RMB 12.7 billion, a decline of 6.2%, with net profit around RMB 39 million [25] - The company has historically relied on low-margin distribution of in-vitro diagnostic products, which has limited its growth potential [24] - The shift towards RWA and digital assets is seen as a necessary evolution to enhance profitability and market position [26] Market Context - The innovative drug sector faces challenges in asset tokenization due to the complexity and volatility of drug assets, which can significantly affect cash flow and investor confidence [14][16] - Huajian's strategic pivot to digital assets is part of a broader trend in the healthcare industry, where companies are exploring new financing models to address liquidity and funding challenges [29]

Core Viewpoint - The completion of the ETHK Building marks a significant milestone for the company, representing the first global hub dedicated to the research and development of Real World Asset (RWA) digitalization technology, and signifies the company's commitment to advancing its ETHK blockchain financial ecosystem strategy into a new era of physical and scalable technology implementation [1][5][7] Group 1: ETHK Building Overview - The ETHK Building, located in Nanjing, covers a total area of approximately 70,000 square meters, with the main building occupying about 35,000 square meters and additional facilities including a 20,000 square meter basement [1] - It is designed to serve as the headquarters for global RWA technology research and ecosystem empowerment, featuring state-of-the-art laboratories, data centers, and collaborative office spaces [2][3] Group 2: Strategic Importance - The choice of Nanjing as the location for the ETHK Building is strategic, leveraging the city's advantages in the biopharmaceutical industry and its mature innovation ecosystem [3][4] - The building aims to facilitate deep technological collaboration with potential partners, particularly in the innovative pharmaceutical sector, by providing comprehensive digital solutions for asset digitization and tokenization [3][4] Group 3: Technological Capabilities - The ETHK Building will integrate core technology research functions, including high-performance blockchain development, cross-chain interoperability, smart contract security, and regulatory technology [2][3] - It is expected to gather over 5,000 technical experts and partners, forming one of the largest and most capable RWA research teams globally [2] Group 4: Policy and Economic Context - The building is positioned within the core area of a supportive policy environment aimed at fostering innovation in the biopharmaceutical industry, as outlined in the recent government approval for the Jiangsu Free Trade Zone [4][5] - This policy framework is anticipated to provide significant benefits in areas such as data cross-border flow and international regulatory alignment, enhancing the company's global RWA business development [5] Group 5: Future Prospects - The establishment of the ETHK Building is seen as a testament to the company's technological ambitions and its commitment to delivering innovative solutions that empower the real economy [6][7] - The company plans to leverage this strategic asset to accelerate the implementation of innovative technologies and collaborate with global partners to create a promising future [7]

Core Viewpoint - The completion of the ETHK Building in Nanjing marks a significant milestone for the company in its strategy to develop a global digital financial ecosystem focused on Real World Assets (RWA) technology, transitioning from conceptualization to large-scale implementation [1][4]. Group 1: Infrastructure and Strategic Importance - The ETHK Building, with a total area of approximately 70,000 square meters, serves as the world's largest physical research and innovation base for RWA technology, featuring advanced facilities and a strategic location in the Yangtze River Delta economic zone [1][2]. - The building will act as the headquarters for RWA technology research and ecosystem empowerment, expected to gather over 5,000 technical experts and partners, facilitating a collaborative environment for innovation [1][2]. Group 2: Technological Development and Integration - The ETHK Building will integrate core technological research functions, including high-performance blockchain development, cross-chain interoperability, smart contract security, and RegTech solutions, providing comprehensive digital technology solutions for enterprises [2][4]. - The establishment of ETHK Inc and ETHK HOLDINGS LIMITED, with plans to rename as ETHK Labs Inc, emphasizes the company's role as a technology driver and infrastructure provider within the digital financial ecosystem [2][4]. Group 3: Talent and Collaboration - Nanjing's rich educational resources, including top universities and research institutions, will support the ETHK Building's technological research and foster collaboration opportunities, enhancing the company's competitive edge in technology innovation [3][4]. - The strategic location in Nanjing aligns with the company's focus on high-tech and high-potential intellectual property asset digitization, particularly in the biopharmaceutical sector [2][3]. Group 4: Policy and Market Positioning - The ETHK Building is positioned to benefit from favorable policies in the Jiangsu Free Trade Zone, which aims to create a world-class biopharmaceutical industry cluster, enhancing the company's global RWA business development [3][4]. - The building's inauguration is not just a physical milestone but a clear signal to the market and investors of the company's commitment to advancing its ETHK digital financial ecosystem strategy [4][5]. Group 5: Future Vision and Commitment - The ETHK Building symbolizes the company's long-term value and commitment to sustainable development, with future research outcomes expected to reinforce the global promotion of the ETHK digital financial technology ecosystem [5][6]. - The company aims to leverage this strategic asset to accelerate the implementation of innovative technologies, contributing to the efficient circulation and value discovery of quality global assets [6].

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。 IVD Medical Holding Limited 華檢醫療控股有限公司 （於開曼群島註冊成立之有限公 司） （股份代號：1931） 自願性公告 全球首個RWA大 廈－ETHK大廈正式落成 ETHK鏈 上 金 融 生 態 戰 略 邁 入 實 體 化、規 模 化 技 術 落 地 新 紀 元 本 公 告 乃 由 華 檢 醫 療 控 股 有 限 公 司（「本公司」或「華檢醫療」，連 同 其 附 屬 公 司 統 稱「本集團」）自 願 作 出，旨 在 向 股 東 及 潛 在 投 資 者 提 供 本 集 團 業 務 發 展 的 最 新 資 料。 本 公 司 董 事 會（「董事會」）欣 然 宣 佈，由 本 集 團 傾 力 打 造 的 全 球 首 個 專 注 於 現 實 世 界 資 產（RWA）數 字 化 技 術 研 發 與 生 態 賦 能 的 核 心 基 地 ...

Core Viewpoint - VAX (VaultX) aims to reshape the global financial order as a next-generation DeFi aggregation protocol, positioning itself as a significant player in the decentralized finance landscape rather than a fleeting project [2][10]. Group 1: Company Overview - VAX is developed by the internationally recognized SERC Capital Group, headquartered on Wall Street, USA, which provides it with strong capital and political resources [2]. - The platform has obtained an MSB license in the United States, ensuring its compliance and security, which is crucial in a tightening regulatory environment [2]. Group 2: Technological Innovations - VAX addresses traditional DeFi issues of high barriers, risks, and inefficiencies through a smart interest rate algorithm, liquidity optimization engine, and cross-chain arbitrage module, making asset management accessible to all users [5]. - The platform's unified interface allows users, regardless of their experience level, to engage in lending, trading, staking, and arbitrage easily, promoting the concept of "DeFi for Everyone" [5]. Group 3: Community and Incentives - VAX has established a comprehensive incentive system where all participants, including liquidity providers, borrowers, governance participants, developers, and content contributors, receive fair and transparent rewards based on their contributions [8]. - This community-driven ecosystem is attracting more users to become long-term value creators within the VAX platform [8]. Group 4: Future Aspirations - VAX is not only focused on digital assets but is also exploring the digitization of real-world assets (RWA), aiming to connect on-chain and off-chain assets, which could lead to new growth opportunities in the Web3 financial space [8]. - The platform envisions breaking down barriers between centralized finance and ordinary individuals, promoting financial democratization and equitable access to decentralized financial networks [10].