COOLPAD GROUP (02369): officially established the "Real World Asset Tokenization Division"

COOLPAD GROUP (02369) announces the official establishment of the "Real World Asset Tokenization Division" (referred to as the "RWA Division"). The establishment of this department aims to coordinate key work related to the tokenization of real-world assets (RWA). The company began exploring Web3.0-related areas as early as 2023, and the establishment of the RWA Division is aimed at more systematically adapting to the technological changes of Web3.0 and actively responding to the innovation direction advocated by the Digital Asset Development Policy Declaration 2.0 of the Hong Kong Special Administrative Region government in China. The RWA Division will be led directly by the Chairman and CEO of the company, Mr. Chen Jiachun. As of December 31, 2024, the value of investment properties shown in the group's accounts is approximately HK$3.151 billion. The board of directors has observed that the market value of the group has long been below the book value of net assets, reflecting that asset value has not been fully reflected in the capital markets. By exploring the tokenization of real-world assets (RWA), the aim is to provide a more objective fair value measurement approach for assets and to unlock asset value. The company is currently conducting preliminary discussions on specific directions of RWA exploration, studying the feasibility of tokenizing the equity of two core property assets located in mainland China through blockchain technology. Coolpad Building in Nanshan, Shenzhen: This property is located in the core area of the Nanshan Science and Technology Park in Shenzhen, adjacent to the West Shenzhen High-speed Rail Station and the hub of Metro Line 13, in the core area of the industrial upgrading in North High-tech in Shenzhen. The property owned by the group is a 5A-grade premium office building. This prime location has significant commercial value and development potential. Coolpad Technology Eco-Park in Songshan Lake, Dongguan: This property is located in the northern gateway of the central business district of Songshan Lake in Dongguan, adjacent to the Huawei Southern Production Base. The project is developed on scarce M1 industrial land, covering several high-standard factory buildings and research buildings, mainly serving semiconductor and new energy enterprise customers, and is complemented by complete talent apartments and commercial facilities. This asset is included in the planning of the Guangdong-Hong Kong-Macao Greater Bay Area Science City and has good long-term value support. The preliminary exploration conducted by the company focuses on how to effectively transform the value of core assets, evaluate the technological adaptability supporting this goal, and the relevant ownership and legal compliance framework. These preliminary discussions form the basis of the company's research work, and the implementation path will be continuously improved and optimized based on in-depth exploration and practice. In addition, the current RWA research is still in the early stages. If the pilot projects that have been fully demonstrated and proven to be commercially viable are successful, the group plans to leverage the extensive industry resources and experience in the real estate field owned by the major shareholder, Mr. Chen Jiachun, to actively expand service models, assist more enterprise customers in exploring and realizing the tokenization of their high-quality assets. In the long run, the group is committed to driving the scale application and development of RWA technology in related industries through its own practical experience and cooperation with ecosystem partners, in order to create new value growth points.