HK Stock Market Move | CORNERSTONE TEC (08391) rose by nearly 3% and entered into a memorandum of understanding with DriveEZ to expand the electric vehicle charging ecosystem.

CORNERSTONE TEC (08391) rose nearly 3%, as of the time of writing, it increased by 2.78%, reaching 0.74 Hong Kong dollars, with a trading volume of 5.6682 million Hong Kong dollars. On the news front, CORNERSTONE TEC announced that on December 8, 2025, the company entered into a memorandum of understanding with DriveEZ Limited (DriveEZ). This agreement aims to establish a strategic partnership to upgrade the company's electric vehicle charging ecosystem using blockchain technology. Under this partnership, DriveEZ will serve as the technical partner for this new project. The focus of the collaboration is on integrating blockchain technology and Web3 infrastructure into the existing Cornerstone mobile application. Specifically, DriveEZ will develop and deploy infrastructure using distributed ledger technology, allowing Cornerstone users to use blockchain to charge electric vehicles or top up their accounts. Both parties also intend to establish an ecosystem that will operate as part of a loyalty and membership program. To support these features, a Web3 portal will be directly embedded into the Cornerstone app, allowing users to easily view loyalty program balances, membership eligibility, and receive automated rewards based on their charging activities.