FEIYANG GROUP: The "Cultural Tourism Digital Physical Card" project has been fully subscribed
FEIYANG GROUP announced that its "Cultural and Tourism Digital Physical Card" project has been fully subscribed as of September 29, 2025. The project is jointly developed by Zhejiang Feiyang Shulian Technology Co., Ltd. and multiple partners, aiming to promote the digital standard construction of cultural and tourism assets, with a total issuance amount of 5.5 million yuan. The successful subscription of the project marks its entry into the implementation phase, and subsequent efforts will accelerate the production of physical cards and the connection of rights and interests, ensuring the achievement of the goal of "integration of digital and physical, tangible, and redeemable."
According to the Zhitong Finance APP, FEIYANG GROUP (01901) announced that its wholly-owned domestic subsidiary, Zhejiang Feiyang Shulian Technology Co., Ltd., has jointly created the first "physical card carrier + real cultural tourism assets (rights) landing + blockchain full-process certification" digital-physical integration project with the Qingdao Cultural Property Exchange Center (compliance and platform co-construction party), the Mile City Hotel and Homestay Industry Association (asset recommendation party), Conflux Network (blockchain technology support party), Shanghai Owa Universe Digital Technology Co., Ltd. (IP operation undertaking party), and Beijing Shuhe Technology Co., Ltd. (digital copyright incubation, distribution, and full-process guidance party). The project has achieved full subscription as of September 29, 2025.
The project is based on the core assets of the Lakeview Baima Hotel in Mile City and related cultural tourism rights, and has achieved targeted institutional subscriptions, creating a digital benchmark for cultural tourism assets that is "digitally integrated, tangible, and redeemable," with a total issuance amount of 5.5 million yuan. The project aims to long-term promote the construction of digital standards for real cultural tourism assets (rights). As a company listed on the Main Board of the Hong Kong Stock Exchange and focused on cultural tourism business, the Group leverages its significant advantages in tourism resource integration and digital scene applications to collaborate with various professional forces to carry out this project, which is an important measure to implement the development strategy of "digitalization of real cultural tourism assets (rights)."
The announcement stated that the project has completed subscriptions ahead of schedule, marking the official transition from the preparatory subscription phase to the implementation phase, providing strong guarantees for subsequent key links such as physical card production, cultural tourism rights docking, and blockchain certification activation. Based on the current good start of the project, all parties will accelerate cooperation to ensure the preparation for the redemption of the core asset rights of the Lakeview Baima Hotel in Mile City is completed according to the established timeline, aiming to achieve the core goal of "digitally integrated, tangible, and redeemable" as soon as possible
