DTXS SILK ROAD (00620) announces its business exploration direction: laying out RWA tokenization and revitalizing existing businesses.

DTXS SILK ROAD (00620) announced that, considering the overall business environment and the group's situation, the company continues to explore different possibilities for the development of group business. Two main preliminary directions for further exploration and feasibility study are proposed: Real World Asset (RWA) tokenization technology and related applications, and revitalizing and developing existing business. Real World Asset (RWA) tokenization technology and related applications: In response to the innovation guidelines outlined in the Hong Kong Special Administrative Region government's "Digital Asset Development Policy Declaration 2.0," the company is exploring whether the application of RWA tokenization technology can bring any opportunities for the development of the group. Due to the complex and cross-disciplinary requirements of RWA tokenization, the company plans to engage external expert teams in the fields of blockchain, digital finance, and compliance to assist in the exploration, which may include feasibility studies covering (i) legal assessment of local and international legal and regulatory issues related to RWA conducted by legal advisors; (ii) financial and tax matters assessment conducted by professional advisors, and (iii) technical solutions provided by technology service providers. The above RWA-related work is currently in the preliminary stage. As of the date of this announcement, the company has not made any decision or formulated any specific plans regarding whether or how to proceed with any RWA tokenization plans. Revitalizing and developing existing business: The group is mainly engaged in (i) property investment and development; (ii) auction business and art and collectibles-related business; and (iii) trading business, including liquor sales. The company has had preliminary discussions with Altai Asset Management Group Limited and several large state-owned enterprises to explore various possibilities and directions for revitalizing and developing the group's existing business. The above discussions are currently in the preliminary stage. As of the date of this announcement, the company has not made any decision or formulated any specific plans regarding whether or how to proceed with any business development plans.