AOM INT'L signed a memorandum of understanding with the Yanji Municipal Government to carry out digital economy-related businesses

AOM INT'L (00381.HK) announced that its subsidiary Fujian Laojiu Investment Group Co., Ltd. officially signed a memorandum of understanding with the Yanji Municipal Government on Thursday (10th) regarding potential cooperation in developing digital economy-related businesses in Hong Kong. This marks a further enhancement of the group's layout in the digital economy fields such as blockchain finance, cross-border points system, and stablecoin applications. It not only deepens exploration in the fintech sector but is also expected to assist Yanji City in achieving its vision of becoming a "chain city" and building a new cross-border digital financial ecosystem.

According to the memorandum of understanding, the potential cooperation includes two core projects and innovatively introduces a Renminbi stablecoin mechanism. Both parties will complete due diligence and promote the signing of a formal agreement within 60 days. Fujian Laojiu Investment will conduct legal structure and property compliance reviews on designated industrial entities, covering patent registration, trademark ownership, and the status of commercial infrastructure; the Yanji Municipal Government will provide scenario authorization and policy support to ensure project compliance.

The group's executive director and co-chairman Li Lizhong will serve as the technical leader for this cooperation, and the "Cross-Border Stablecoin Compliance Operation Guidelines" he leads is expected to become an industry paradigm, promoting the "Yanji Model" to other cities and establishing the country's first cross-border points pilot combining blockchain and stablecoins.

This platform is one of the key technology projects, driven by the group's independently developed "Super Hybrid Chain" technology, and uses Renminbi-pegged stablecoins as conversion and instant settlement tools, mapping enterprises' accounts receivable and inventory assets onto the blockchain, enabling second-level discounting and liquidity innovation scenarios to help small and medium-sized enterprises overcome financing bottlenecks. This model is expected to significantly optimize the asset turnover efficiency of small and medium-sized enterprises, enhance the vitality of the regional private economy, and serve as a demonstration platform for the group's proprietary technology "AOM Asset Identification System."

Another highlight is the creation of a "Cross-Border Points Exchange System," relying on Yanji City's tourism consumption scenarios, designing a "China-Korea-Russia Tripartite Points Exchange System" in tourism and consumption scenarios, breaking through traditional foreign exchange controls and payment settlement cycle limitations, injecting new momentum into regional cross-border trade. The group utilizes the immutability of blockchain to ensure transparency and pairs it with offshore Renminbi stablecoins as a conversion medium. Consumers can use local points for payment at overseas partner merchants, breaking through foreign exchange controls and traditional settlement bottlenecks, enhancing the convenience of traveler spending and merchant payment efficiency.

This mechanism adopts a "dual compliance design": a Hong Kong licensed institution issues fiat-collateralized stablecoins, while Yanji City is responsible for scenario authorization and transaction supervision to ensure fund safety and compliance; the points exchange operations are authorized by the Yanji Municipal Government to achieve synchronized supervision of fund flows and data flows, effectively avoiding tax source loss and ensuring compliant operations of enterprises, forming a synchronized legalization operation of fund flows and scenario management, which has significant policy demonstration significance.

Yanji City views blockchain as a cornerstone technology for urban digital transformation, with policy support covering technology infrastructure subsidies, cross-border cooperation pilot authorizations, and data compliance framework formulation, providing institutional guarantees for this cooperation. Currently, Yanji City is striving to build a digital financial center in Northeast China and aims to develop a "Belt and Road" Eurasian digital financial center. With this cooperation, it is expected to further enhance its strategic position in the regional digital economy and cross-border finance fields At the same time, the cooperation is also linked to the "International Airport Economic Development Zone" under construction in Yanji City. The development zone is located at the border intersection of China, Russia, and North Korea, covering high-end manufacturing, modern services, and the big health industry, providing natural scene support for the group's cross-border financial technology business synergy layout