HK Stock Market Move | CARLINK TECH(02531) dropped by nearly 25% in the afternoon, the company terminated its strategic partnership with High West regarding RWA businesses.

Carlink Tech (02531) fell by nearly 25% in the afternoon session, dropping by 24.24% to HK$10.75 as of the time of writing, with a turnover of HK$2.8256 million. In terms of news, Carlink Tech announced details regarding the company's cryptocurrency asset investment strategy and the signing of a memorandum of understanding with High West. Due to both parties being unable to reach an agreement on the terms of the related matters and sign a final agreement, the company has issued a termination notice to High West to terminate the memorandum of understanding, effective from December 15, 2025. The termination of the memorandum of understanding will not have any significant adverse impact on the company's financial condition and operations. The company stated that it will continue to focus on building the intelligent connected car asset RWA service platform announced in July 2025. Since January 2025, the company has conducted in-depth research on industry RWA implementation cases, including the tokenization of traditional assets and the assetization of energy data for electric vehicle charging infrastructure. From February to May 2025, the management team has conducted market research on shared car rental platforms and short-term rental models, identifying shared mobility as a strategic entry point for RWA deployment.