HashKey Exchange partners with Hong Kong-listed company China New City to set a new benchmark for traditional enterprise asset allocation

China New Cities Group Limited (1321.HK, hereinafter "China New Cities") has signed a memorandum of understanding with HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, to collaborate in areas including compliant digital asset management, technological exploration, and market expansion.

As a Hong Kong-listed commercial real estate development and operations enterprise, China New Cities owns a diversified portfolio of physical assets. HashKey Exchange, one of the first virtual asset exchanges licensed by Hong Kong's Securities and Futures Commission (SFC), possesses professional custody and trading capabilities. The two parties will jointly explore new models of compliant digital asset management, significantly enhancing efficiency and security in asset management. This collaboration will also set a new benchmark for traditional financial institutions in digital asset management.

The cooperation will focus on the following areas:

• Institutional asset custody: Establishing secure asset allocation and custody pathways within regulatory frameworks to optimize liquidity and capital utilization efficiency;

• Product and business expansion: Proactively exploring collaboration in virtual asset custody and institutional product development, expanding into broader business areas when conditions mature;

• Market and brand collaboration: Jointly enhancing influence in financial and virtual asset markets through participation in industry forums and marketing initiatives.

Chris Chen, Head of HashKey Exchange, stated:

"We look forward to partnering with China New Cities to explore compliant and efficient practices in digital asset management, helping traditional enterprises achieve digital transformation. We remain committed to innovation grounded in compliance, deepening our engagement across diverse financial use cases, and enabling more businesses to benefit from the new dividends of the digital economy through shared growth."

Lin Caihe, CFO of China New Cities, said:

"As a financially sound representative among Hong Kong-listed property developers, China New Cities Group (1321.HK) has built a diversified business matrix spanning commerce, hotels, education, cultural tourism, and low-altitude economy, leveraging integrated capabilities in commercial real estate 'development–operations–asset management'. We aim to extend our expertise in physical asset management into virtual asset allocation by leveraging HashKey Exchange's professional capabilities in compliant virtual asset trading and management. Aligning with the broader trend of digital economic development, we seek incremental growth through innovation and create value through stability, injecting new momentum into high-quality corporate development."

About China New Cities Group Limited

China New Cities Group Limited (1321.HK) is a Hong Kong-listed company primarily engaged in commercial real estate development and operational management. With a diversified portfolio of physical assets, the company actively explores digitalization and innovative finance to deliver long-term value to shareholders and the market.

About HashKey Exchange

HashKey Exchange strives to set new benchmarks for virtual asset exchanges in compliance, fund protection, and platform security. Hash Blockchain Limited (HashKey Exchange) is among the first licensed retail virtual asset exchanges in Hong Kong. It has received approval from the Hong Kong Securities and Futures Commission (SFC) to hold Type 1 (Dealing in Securities), Type 7 (Providing Automated Trading Services) licenses under the Securities and Futures Ordinance, as well as a virtual asset trading platform license under the Anti-Money Laundering Ordinance, enabling compliant operation of its virtual asset trading platform. As the flagship business of HashKey Group, HashKey Exchange offers one-stop virtual asset trading services to professional investors (PIs) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Privacy Information Management) certifications. In compliance with applicable laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, or certain other jurisdictions.

* Ranked 17th globally among cryptocurrency exchanges on CoinGecko as of August 6, 2025, making it the highest-ranked licensed virtual asset exchange in Hong Kong.