TechFlow, September 12 — According to Jinshi Data, Winners Fashion (03709.HK) and Delin Holdings (01709.HK) jointly announced that on September 12, 2025, Winners Fashion entered into a strategic cooperation and investment agreement with Delin Holdings, under which Delin Holdings has conditionally agreed to subscribe for the subscription shares at the subscription price on the completion date, and Winners Fashion has conditionally agreed to allot and issue the subscription shares at the subscription price. Delin Holdings and Winners Fashion have also reached a general framework and directional consensus on the RWA tokenization initiative under the strategic cooperation. The subscription shares represent approximately 0.65% of the existing issued share capital of Winners Fashion as of the date of this joint announcement, and approximately 0.65% of the enlarged issued share capital of Winners Fashion after the allotment and issuance of the subscription shares. The total proceeds from the subscription will amount to HK$29.9 million, with estimated net proceeds of HK$29.6 million. Under the Strategic Cooperation and Investment Agreement, Winners Fashion and Delin Holdings also agreed to explore RWA tokenization to create innovative value for Winners Fashion shareholders.
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