Changes in Hong Kong stocks | Guanglian Technology Holdings (02531) fell nearly 25% in the afternoon. The company terminated its strategic cooperation with High West on RWA business

The Zhitong Finance App learned that Guanglian Technology Holdings (02531) fell nearly 25% in the afternoon. As of press release, it was down 24.24% to HK$10.75, with a turnover of HK$2,825,600.

According to the news, Guanglian Technology Holdings announced an announcement relating to the company's strategic investment strategy for cryptocurrency assets and the signing of a memorandum of understanding with High West. As the parties were unable to agree on the terms of the relevant matters and sign a final agreement, the company has issued a notice of termination to High West to terminate the Memorandum of Understanding, which will take effect on December 15, 2025. The termination of the MOU will not have any significant adverse impact on the company's financial position and operations.

The company said it will remain committed to building the RWA service platform for intelligent connected vehicle assets disclosed in the July 2025 announcement. Since January 2025, the company has conducted in-depth research on industry RWA implementation cases, including the tokenization of traditional assets and the capitalization of energy data for electric vehicle charging infrastructure. From February to May 2025, the company's management has conducted market research on shared car rental platforms and short-term rental models, and identified shared mobility as a strategic entry point for RWA deployment.