FEG Holdings (01413) subsidiary Tiankun signs cooperation agreement with Hong Kong Polytechnic University

FEG HOLDINGS (01413) announced that on September 9, 2025, its subsidiary company, Tiankun Digital Limited (Tiankun), in which the Group indirectly holds a majority interest, entered into a cooperation agreement with The Hong Kong Polytechnic University (PolyU) (the Agreement). According to the Agreement, Tiankun and PolyU will jointly establish the PolyU School of Business and Management - Tiankun Digital Stablecoin and Real-World Assets Innovation Center (the Joint Center). The Joint Center will focus on the comprehensive research and development of regulated stablecoins and tokenization of real-world assets (RWA), with the following core objectives: Develop an RWA framework consistent with the upcoming "Stablecoin Bill" and "Virtual Asset Policy Statement 2.0" to be introduced in Hong Kong; Drive innovation in AI-driven tokenization and real-time asset valuation models; Conduct pilot projects in the automotive, real estate, and supply chain finance sectors to validate real-world applications; Publish academic research and establish industry alliances to enhance Hong Kong's competitiveness in the global digital asset field; Establish a multi-party cooperation ecosystem consisting of financial institutions, technology companies, and regulatory bodies to promote cross-border collaboration and knowledge sharing; Assist Hong Kong companies in utilizing digital asset technology to expand into overseas markets, providing one-stop solutions for cross-border settlement, asset internationalization, and compliance advisory; and Explore global market opportunities, including emerging and developed regions such as Southeast Asia, the Middle East, Europe, and North America, to identify digital asset application scenarios in trade finance, supply chain finance, and asset securitization. Under the Agreement, PolyU will contribute its academic expertise in financial technology regulation, AI-driven valuation, and market analysis, while Tiankun will provide manpower, technical resources, and financial support. The initial collaboration period is two years, with the Group's total financial commitment of approximately HK$1.7 million to be paid in stages. The Joint Center will also serve as a platform for research, education, knowledge transfer, and industry collaboration between academia and businesses. This partnership signifies an important milestone for the Group in strategically expanding into the financial technology and digital asset fields. Through collaboration with a leading academic institution, the Group aims to: Strengthen its technological research and development capabilities and expand the practical application scenarios of RWA tokenization; Establish industry alliances to integrate resources and enhance its influence and discourse within the digital asset ecosystem; Utilize cross-border digital asset services as a new business growth driver; Explore global markets and establish early influence in the international digital asset infrastructure and collaborative networks; Nurture talent and innovation to support the Group's long-term growth. The Board believes that this partnership is in the overall interests of the Company and its shareholders. Through collaboration with a top university in Hong Kong, the partnership will enhance the Group's innovation capabilities, expand its participation in technology-driven financial infrastructure, and enhance its reputation.