Hong Kong Stock Movement | CARLINK TECH (02531) Plunges Nearly 25% in Afternoon Trading After Terminating RWA Business Strategic Partnership with High West

Stock News12-17 14:46

CARLINK TECH (02531) saw a sharp decline of nearly 25% in afternoon trading, dropping 24.24% to HKD 10.75 by the time of reporting, with a trading volume of HKD 2.83 million. The company announced the termination of its strategic cooperation with High West regarding cryptocurrency asset investments and a previously signed memorandum of understanding (MOU). Due to the inability to reach an agreement on key terms and finalize a definitive agreement, CARLINK TECH issued a termination notice to High West, effective December 15, 2025. The termination is not expected to have any material adverse impact on the company's financial condition or operations.

CARLINK TECH reiterated its commitment to developing its RWA (Real World Asset) service platform for smart connected vehicles, as disclosed in its July 2025 announcement. Since January 2025, the company has conducted in-depth research on RWA implementation cases in the industry, including tokenization of traditional assets and assetization of energy data from EV charging infrastructure. Between February and May 2025, its management also performed market studies on car-sharing rental platforms and short-term leasing models, identifying shared mobility as a strategic entry point for RWA deployment.

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