Guanglian Technology Holdings (02531) has issued a notice of termination to High West to terminate the Memorandum of Understanding

Zhitong Finance App News, Guanglian Technology Holdings (02531) issued an announcement. The latest developments in the memorandum of understanding and strategic cooperation contained in the July 2025 announcement. As the parties were unable to agree on the terms of the relevant matters and sign a final agreement, the Company has issued a notice of termination to High West to terminate the Memorandum of Understanding, which will take effect on December 15, 2025. The termination of the MOU will not have any significant adverse impact on the Company's financial position and operations.

Despite the termination of the Memorandum of Understanding, the Company is committed to building the RWA service platform for intelligent connected vehicle assets as disclosed in the July 2025 announcement. Since January 2025, the company has conducted in-depth research on industry RWA implementation cases, including the tokenization of traditional assets and the capitalization of energy data for electric vehicle charging infrastructure. From February to May 2025, the company's management has conducted market research on shared car rental platforms and short-term rental models, and identified shared mobility as a strategic entry point for RWA deployment.

Currently, the company is still exploring data development and application for intelligent connected vehicles. On September 1, 2025, the company successfully registered a number of patents including data processing and data application. In September 2025, the company was invited to exchange and share ISO55013 data assets during the 2025 Digital Expo. With the development of RWA and the advancement of intelligent connected vehicle data development and application, the company believes that the tokenization of intelligent connected vehicle data assets will become a new opportunity and trend.

The company will continue to actively explore and expand the RWA business direction, using its accumulation in the development and application of intelligent connected vehicle data to build a leading automotive RWA service platform, seek professional and compliant cryptocurrency resources and related service organizations, and help partners realize the value of automotive data assets. Prior to any formal implementation, the company will seek professional legal advice and conduct a thorough compliance assessment to ensure the legality and regulatory compliance and associated compliance requirements of any potential release of such data assets.