Traditional Meets Digital: HashKey Exchange and China New City Group Pioneer a New Era of Asset Allocation

Hong Kong, Aug. 7, 2025 – China New City Group Limited (HKEX: 1321.HK), a publicly listed commercial property developer, has formalized a Memorandum of Understanding with HashKey Exchange, the largest * licensed virtual asset exchange in Hong Kong. The collaboration will focus on compliant digital asset management, technology innovation, and joint market development.

As a HK-listed company with a diversified portfolio of real-world assets, China New City brings deep expertise in asset operations and management. HashKey Exchange, one of the first SFC-licensed virtual asset trading platforms in the city, contributes robust capabilities in digital asset custody and trading. Together, the two parties aim to establish a new model for compliant digital asset management—enhancing efficiency and security across asset operations—and and offer a blueprint for traditional financial institutions looking to enter the digital asset space.

Key areas of collaboration include:

• Institutional Asset Custody: Building secure, compliant asset allocation and custody pathways under regulatory oversight to optimize capital deployment and operational efficiency;

• Product and Business Development: Jointly exploring opportunities in institutional-grade digital asset products and custody services, with potential for broader collaboration as regulatory and market conditions evolve;

• Market and Brand Building: Strengthening presence in both traditional finance and digital asset sectors through industry forums, co-marketing initiatives, and public engagement.
  

Mr. Michel Chan, MD of HashKey Exchange, commented:

“We’re excited to join hands with China New City to pioneer compliant and efficient practices in digital asset management. As always, we remain committed to responsible innovation—deepening real-world use cases across financial sectors and helping more enterprises capture value from the emerging digital economy.”

Mr. Lin Caihe, CFO of China New City, stated:

“As one of the few listed property developers in Hong Kong maintaining a healthy financial structure, China New City has built an integrated model combining property development, operations, and asset management. Our portfolio spans commercial real estate, hospitality, education, cultural tourism, and the low-altitude economy. Through this collaboration with HashKey Exchange, we hope to extend our asset management expertise into the virtual asset space—leveraging HashKey’s regulatory know-how and technology. Embracing the momentum of digital transformation, we will pursue value creation through innovation while staying true to prudent, high-quality growth.”

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About China New City Group Limited

China New City Group Limited (1321.hk) is a HK-listed company engaged in commercial property development and operations. With a diversified portfolio of physical assets, the company is actively exploring digital innovation and financial technologies to deliver long-term value to shareholders and the broader market.

About HashKey Exchange

HashKey Exchange is redefining virtual asset trading standards in Hong Kong through regulatory compliance, fund security, and robust platform infrastructure. Operated by Hash Blockchain Limited, HashKey Exchange is one of the first platforms licensed by the Hong Kong Securities and Futures Commission (SFC), holding Type 1 (Dealing in Securities) and Type 7 (Providing Automated Trading Services) licenses under the SFO, as well as a license to operate a virtual asset trading platform under the AMLO. As the flagship exchange of HashKey Group, it serves both professional and retail investors with one-stop virtual asset trading solutions. HashKey Exchange is ISO 27001 (Information Security) and ISO 27701 (Privacy Information Management) certified. In compliance with applicable laws and regulations, the platform does not offer services to users in mainland China, the United States, or certain other jurisdictions.

*As of August 7, 2025, HashKey Exchange ranks 20th globally on CoinGecko and is the highest-ranked licensed exchange based in Hong Kong.