KANGQIAO SER (02205) recently signed a strategic memorandum of understanding (MOU) with the emerging US PropTech firm Collab Z, marking a new chapter in its North American business expansion. According to the MOU, the two parties will integrate their respective strengths in capital markets, property resources, and operational capabilities to jointly explore the North American property management and leasing market, aiming for resource sharing and value co-creation. Furthermore, they plan to further deepen resource synergy and strategic mutual trust through a stock swap arrangement following Collab Z's successful public listing. Information shows that Collab Z is an innovative real estate technology and operations company in North America, featuring a unique "decentralized" management model and having developed the groundbreaking Collab platform. Over its four-year history, Collab Z has leveraged its highly advantageous tenant-participatory community property management model to build a business capability for rapid expansion without relying on local teams. Benefiting from its accumulated experience and technological deployment advantages, its property service projects have consistently maintained occupancy rates close to 100%, significantly exceeding the industry average. Simultaneously, by integrating new AI features through its community-driven model, Collab Z has effectively overcome operational efficiency bottlenecks encountered during large-scale expansion. The company has already submitted a prospectus to the US Securities and Exchange Commission in preparation for an IPO on the Nasdaq, under the proposed ticker symbol "CLBZ", demonstrating strong growth potential. This collaboration represents another strategic move by KANGQIAO SER, following its previous intentions to cooperate with US AI home diagnostics company Askitect and multi-unit apartment asset management firm GPI, infusing its North American operations with dual drivers of "community-centric operations + capital empowerment". According to the MOU, the partnership will focus on core markets such as Texas and the San Francisco Bay Area, merging Collab Z's community operation model with KANGQIAO SER's standardized service capabilities to deepen the trinity synergistic development of "Asset + Technology + Community". From a timeline perspective, this cooperation continues KANGQIAO SER's established strategic layout; the company had previously established a North American subsidiary and deployed a professional team for on-the-ground research in Texas. This research focused on integrating apartment assets with Silicon Valley AI technology, exploring the use of AI tools like intelligent diagnostics, dynamic pricing, and tenant behavior analysis to systematically enhance apartment occupancy rates and management service quality. Moving forward, KANGQIAO SER will use this strategic intent as a key leverage point to comprehensively restructure its North American community operations system, accelerate the localized scaling of its business, and persistently advance its global "Service + Technology" strategy. This endeavor aims to create long-term, cycle-transcending value for shareholders and jointly sketch a new blueprint for intelligent living.