FEIYANG GROUP (01901) enters into a memorandum of understanding with Zhongwan International and Yunzhong Technology to jointly develop the RWA economy and trendy digital card business in cultural tourism.

FEIYANG GROUP (01901) announced that on November 13, 2025, the company signed a non-legally binding memorandum of understanding with Zhongwan International Financial Limited and Yunzhong Digital Technology Limited to establish a long-term strategic partnership and jointly expand the development of digital assets in the cultural and tourism industry. Zhongwan International is a holding company of several licensed financial institutions in Hong Kong. It holds licenses issued by the Securities and Futures Commission of Hong Kong for regulated activities in categories 1, 4, 6, and 9. It has professional capabilities and rich experience in cross-border financing, capital operations, and financial advisory services. Yunzhong Technology is a high-tech AI company focusing on blockchain and encrypted digital currency application technology and the development and application of tokenized digital assets. It has independently developed the RWA digital property platform Cinfinix Marketplace and has accumulated rich technical expertise and mature technical application solutions in smart contract development and application in memory blockchains. The proposed collaborative project is expected to focus on the digitization of cultural and tourism assets, the sale of creative cultural and tourism tangible card games, and research on stable coin application scenarios. The company will provide the underlying cultural and tourism assets and the Fcard platform foundation, Zhongwan International will leverage its expertise in cross-border financing to coordinate overall capital planning and compliance architecture design, and Yunzhong will be responsible for blockchain technology integration and product development support. The proposed collaborative project aims to build a complete cultural and tourism digital asset ecosystem through resource integration and technological innovation. The cooperation is intended to promote the digital transformation of the company's cultural and tourism assets in phases, with a focus on the realization of the tangible card games, and achieve stable operation of the digital platform for cultural and tourism assets, enhancing asset liquidity and capital operation efficiency. In the long term, the company will seize the opportunity presented by Hong Kong's RWA policy development to explore the deep integration of cultural and tourism assets with digital finance, injecting new energy into business growth. The proposed collaborative project aligns with the trend of digitalization in the cultural and tourism industry, with the potential to enhance the company's asset liquidity, broaden financing channels, and strengthen the brand's collaborative influence in the tourism and capital markets.