PANGAEA CONNECT (01473) announced that on August 26, 2025 (after trading hours), the company entered into a memorandum of understanding with Mile Green Company Limited (Mile Green) to document both parties' intention to explore potential business opportunities in the real world assets sector.
Under the memorandum, the company and Mile Green agree to jointly invest in real world asset ecosystems through collaborative exploration, evaluation, and identification of potential business opportunities within the real world assets domain.
The group recognizes the transformative potential of blockchain technology and real world asset tokenization. Hong Kong's robust regulatory framework and recent positive policies supporting the development of stablecoins and cryptocurrencies provide a secure and favorable environment for the group to explore these opportunities in the Web3 space.
To the best knowledge, information and belief of the directors, Mile Green has established a comprehensive real world asset ecosystem that integrates technology services and blockchain providers, fiat and cryptocurrency payment platforms, licensed institutions, qualified lawyers, independent valuers, and environmental, social and governance advisory teams. The company expects to strategically enter this market through potential collaboration with Mile Green.
The board believes that the potential collaboration can provide the company with strategic opportunities to explore business prospects in real world assets and may generate returns for the company through investments in real world asset ecosystems, while allowing the company to leverage its proprietary artificial intelligence, Internet of Things, AI-IoT and digitalization solutions in the tokenization process.
The potential collaboration may also provide a platform for the company to acquire valuable knowledge and operational expertise from Mile Green for application in its future business development in the digital assets sector, thereby capitalizing on new opportunities in Web3 innovative technologies.
Furthermore, the company also expects to explore other business opportunities with Mile Green's affiliates, which may involve using the group's electronic components to upgrade their WiFi systems and power generation facilities.