ITC Properties Group Limited (ITC, 199) has announced entering into a framework agreement with Zhongmiao Holdings (Qingdao) Co., Ltd. (1471) to pursue strategic cooperation in the areas of real-world asset tokenization, digital asset risk management, and cross-border asset distribution. The collaboration framework includes exploring innovative business models under “Physical Asset Supply + Digital Financial Safeguard.”

ITC Properties also disclosed the acquisition of 525,100 shares in Zhongmiao Holdings on the open market for a total consideration of approximately HK$10.0 million, with an average price of around HK$19.00 per share, representing about 0.37% of Zhongmiao Holdings’ issued shares. This acquisition is intended to complement the companies’ shared goals in leveraging ITC Properties’ global real estate resources and Zhongmiao Holdings’ expertise in insurance technology and digital risk management.

The agreement serves as a strategic platform for both parties to establish direction and principles of collaboration without constituting any specific transaction arrangement at this stage. The companies will separately negotiate and enter legally binding agreements for individual cooperative projects while adhering to applicable laws and regulations.