Winner Fashion and Delin Holdings have entered into a strategic cooperation and investment agreement, and reached an overall framework and consensus on the RWA tokenization plan

Foresight News, according to Kingshin, Winner Fashion (03709.HK) and Delin Holdings (01709.HK) jointly announced that on September 12, 2025, Winner and Delin Holdings entered into a strategic cooperation and investment agreement. Accordingly, Delin Holdings has conditionally agreed to subscribe to the subscription shares at the subscription price on the completion date, and Winner has conditionally agreed to allocate and issue the subscription shares at the subscription price; and Delin Holdings and Winner have reached an overall framework and direction consensus on the RWA tokenization plan based on strategic cooperation. The Subscription Shares are equivalent to approximately 0.65% of the existing issued share capital of Winner as of the date of this joint announcement and approximately 0.65% of the issued share capital of Winner after the expansion of the issuance and issuance of the Subscription Shares. The total proceeds from the Subscription will be HK$29.9 million, while the net proceeds from the Subscription will be HK$29.6 million. Under the strategic cooperation and investment agreement, Winner and Delin Holdings also agreed to explore RWA tokenization to create innovative value for winner shareholders.
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