CARLINK TECH (02531) announced updates regarding the Memorandum of Understanding (MoU) and strategic cooperation disclosed in July 2025. As the parties failed to reach an agreement on the terms of relevant matters and sign a definitive agreement, the company has issued a termination notice to High West to terminate the MoU, effective from December 15, 2025. The termination will not have any material adverse impact on the company's financial condition or operations.
Despite the termination, CARLINK TECH remains committed to building the RWA (Real World Asset) service platform for smart connected vehicles, as previously disclosed in the July 2025 announcement. Since January 2025, the company has conducted in-depth research on industry RWA implementation cases, including tokenization of traditional assets and assetization of energy data from EV charging infrastructure.
Between February and May 2025, the management conducted market research on car-sharing rental platforms and short-term leasing models, identifying shared mobility as a strategic entry point for RWA deployment. The company continues to explore data development and application for smart connected vehicles. On September 1, 2025, it successfully registered multiple patents covering data processing and application. Additionally, in September 2025, the company was invited to share insights on ISO55013 data assets during the 2025 Digital Expo.
With the advancement of RWA and smart connected vehicle data development, CARLINK TECH believes tokenization of such data assets will present new opportunities and trends. The company will continue exploring and expanding its RWA business, leveraging its expertise in data development and application to build a leading automotive RWA service platform. It aims to collaborate with professional and compliant digital currency resources and service providers to help partners realize the value of automotive data assets.
Before any formal implementation, the company will seek professional legal advice and conduct thorough compliance assessments to ensure legality, regulatory adherence, and fulfillment of related requirements for potential issuance of such data assets.