Core Viewpoint - Delin Holdings (01709) has entered into a subscription agreement with Carmel Reserve LLC to acquire approximately 15.10% of the existing B-class member interests, with a total investment of approximately $10.32 million (around HKD 80.52 million), which will increase the company's stake to about 32.97% post-transaction [1][2][4] Group 1: Investment Details - The subscription agreement involves acquiring B-class member interests in Carmel Reserve LLC, which is developing the "ONE Carmel" luxury residential project in California [1][2] - The project spans 891 acres (approximately 3.6 square kilometers) and is planned to consist of 73 lots, with an average lot size of 4.38 acres (approximately 17,725 square meters) [2] - The first phase of the "ONE Carmel" project is expected to be completed by 2026 [2] Group 2: Strategic Importance - The board views this subscription as a significant strategic opportunity to deepen investment in the luxury residential development in Carmel Valley, California [2][3] - The investment will convert previous debt investments into equity and inject an additional $8 million in new funds to support ongoing development [2][3] Group 3: Project Potential - "ONE Carmel" is considered a high-quality real estate asset with significant future tokenization potential, aligning with the company's goals in digital finance and blockchain [3] - The project aims to meet the growing demand for ultra-luxury, sustainable living spaces, particularly appealing to high-net-worth individuals [3] - The development will feature modern designs, top-tier amenities, and advanced technology, enhancing operational efficiency and asset value [3] Group 4: Financial Outlook - The board believes that the subscription will generate sustainable value for shareholders through financial returns from the project [4] - The terms of the subscription agreement are deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [4]

Core Viewpoint - The company has entered into a subscription agreement with Carmel Reserve LLC to acquire approximately 15.10% of the existing B-class member interests, with a total investment of about $10.32 million, aiming to deepen its investment in the luxury residential project "ONE Carmel" in California [1][2]. Group 1 - The subscription agreement allows the company to indirectly own about 32.97% of the B-class member interests after the completion of the subscription [1]. - The "ONE Carmel" project spans 891 acres and plans to build 73 custom residences in an environmentally conscious gated community, designed by internationally renowned architects [2]. - The project aims to meet the growing global demand for ultra-luxury, sustainable living spaces, particularly appealing to high-net-worth individuals seeking unique luxury homes in prime locations [2]. Group 2 - The development features modern design and top-tier amenities, including a clubhouse, equestrian center, and extensive trails, integrating cutting-edge fiber optic technology [2]. - By increasing its equity stake in the target company, the company aims to enhance potential long-term capital appreciation and profit distribution from the project [2]. - This move aligns with the company's strategy to expand its footprint in the U.S. real estate market and diversify its asset base, complementing its existing investment and family office business [2].

Core Viewpoint - The company has entered into a subscription agreement to acquire approximately 15.10% of the existing B-class member equity of Carmel Reserve LLC, with a total investment of approximately $10.32 million (around HKD 80.52 million), which will increase its stake to about 32.97% post-transaction [1][2]. Group 1: Investment Details - The subscription agreement involves the company acquiring equity in Carmel Reserve LLC, which is developing the "ONE Carmel" luxury residential project in California [1][2]. - The project spans 891 acres (approximately 3.6 square kilometers) and is planned to consist of 73 lots, with an average lot size of 4.38 acres (about 17,725 square meters) [2]. - The first phase of the "ONE Carmel" project is expected to be completed by 2026, marking it as a significant residential development in the Carmel Valley area [2]. Group 2: Strategic Importance - The board views this investment as a strategic opportunity to deepen involvement in the luxury residential development market in California [2][3]. - The project is designed to meet the growing demand for ultra-luxury, sustainable living spaces, particularly appealing to high-net-worth individuals [3]. - By converting debt investments into equity and injecting an additional $8 million in new funds, the company aims to enhance its potential for long-term capital appreciation and profit distribution from the project [2][3]. Group 3: Financial and Operational Outlook - The board believes that the financial returns generated from the project will provide sustainable value for shareholders [4]. - The project is positioned to integrate advanced AI property management systems, enhancing operational efficiency and resident experience [3]. - The investment aligns with the company's strategy to expand its footprint in the U.S. real estate market and diversify its asset base [3][4].