World's first! IVD MEDICAL (01931) demonstrates with a building: RWA is not a bubble, but a new financial revolution.

In the Jiangning District of Nanjing City, the world's first core base dedicated to the research and development of RWA (Real World Assets) digital technology and ecological empowerment, the ETHK Building (also known as IVD MEDICAL Building) has been officially completed. This giant building with a total construction area of about 70,000 square meters is not only the physical presentation of IVD MEDICAL's "ETHK On-Chain Financial Ecological Strategy", but also the most powerful response to the question in the market of whether RWA is a bubble. At the same time, IVD MEDICAL announced a new corporate logo, rebranding its core from "IVD" to "ETHK Labs", highlighting its strategic transformation towards being an enabler of global digital industry innovation and on-chain financial infrastructure. I. Entity Anchoring: Strategic Leap from Concept to Entity On September 19, IVD MEDICAL issued two announcements, marking the company's crucial leap from conceptual leadership to large-scale entity development and implementation. The ETHK Building is not just an ordinary commercial property; it has been given a dual core mission of infrastructure: physical research and collaborative innovation infrastructure, and trusted technology research and output infrastructure. The building will bring together over 5,000 technical experts, research engineers, and ecological partners, forming one of the largest and most capable physical research teams in the global RWA technology field, truly achieving the scale aggregation and efficient collaboration of "technology-talent-assets". On the technology front, the building will deeply integrate the core technology development functions of IVD MEDICAL's "ETHK On-Chain Financial Ecological", including the research and test center for independent high-performance blockchain underlying technology, the integrated laboratory for cross-chain interoperability protocols, and the technology center for smart contract security and auditing. IVD MEDICAL's brand upgrade this time is not just a simple visual refresh, but an external manifestation of its strategic vision, ecological layout, and brand philosophy evolution. The new logo, with the prominent "ETHK Labs" as the core visual element, integrates the essence of interconnectedness and value circulation implied by "Ether" and the vision of order innovation and mutual prosperity represented by "Kingdom". II. Pointing Out Pain Points: Trust and Liquidity Issues of RWA RWA (Real World Asset), as a technology that introduces real-world assets into blockchain through tokenization, is becoming an important bridge connecting traditional finance and digital finance. According to RWA.xyz data, as of August 15, 2025, the total market value of RWA on-chain has reached $259.30 billion, with approximately 350,800 asset holders, an increase of 11.86% MoM. However, the immense potential of RWA has long been constrained by several core bottlenecks: limitations of public chain performance, financial barriers between traditional and crypto worlds, complex cross-border regulation, and widespread lack of liquidity. IVD MEDICAL, through its innovative "ETHK Global RWA Trading-So In So" business model, provides top-notch technological infrastructure and compliance operational support for leading companies in various industries. This model allows it to operate in a light asset manner, quickly enter different fields through cooperation with industry leaders, and has strong replicability and potential for scalable expansion. The completion of the ETHK Building provides a physical anchor point for solving the trust issue in the RWA field. This massive physical building conveys to the market IVD MEDICAL's unwavering determination and strong capabilities in promoting the "ETHK" on-chain financial ecological strategy, indicating that the company's technological ideas have completely surpassed the blueprint planning stage and officially entered a new era of physical development, scalable implementation, and substantial technological output. IVD MEDICAL's announcement on September 19 III. Ecological Empowerment: Technology-Driving New Paradigm of Global Asset Mobility IVD MEDICAL's RWA layout has already moved beyond the conceptual validation stage. On September 16, the company announced a strategic cooperation with Renhe Pharmacy (000650.HK), an indirect wholly-owned subsidiary, to jointly establish the world's first OTC vertical domain RWA exchange in the United States. This collaboration reflects IVD MEDICAL's innovative "So in So" business model, aiming to tailor and jointly build vertical industry-specific RWA exchanges for listed companies in various industries that have core assets and tokenization needs. By providing a one-stop solution for asset selection, structural design, compliant issuance, and liquidity management, this partnership helps companies achieve digital transformation of assets, optimize capital structure, and expand global strategic layout. Choosing Nanjing as the location for the world's first RWA technology core base reflects IVD MEDICAL's profound strategic considerations. Nanjing and the Yangtze River Delta region are core gathering areas of China's biopharmaceutical industry, with a high concentration of innovative drug companies and research institutions, and a mature and complete industry ecosystem. On August 21, 2025, the State Council issued the principle agreement on the reply letter of the "China (Jiangsu) Free Trade Zone Biopharmaceutical Full Industry Chain Open Innovation and Development Plan", clearly supporting Jiangsu Free Trade Zone to become a globally influential biopharmaceutical industry cluster and a more internationally competitive innovative development highland. IV. Altruistic Win-Win: Leading the Digital Financial Revolution of Industry Win-Win IVD MEDICAL's RWA ecological layout has always adhered to the belief of "technology for the public, chain to carry the way", aiming to empower the real economy through innovative technology, promote the efficient, compliant circulation and value discovery of high-quality assets globally. The completion of the ETHK Building is not only significant for IVD MEDICAL, but will also have a profound impact on the digital industry development of Nanjing, the Yangtze River Delta region, and even the entire China. The building, as a physical hub gathering global technical resources, will greatly promote the efficient aggregation and deep integration of key elements such as "technology, capital, assets, and talent" within the ecosystem. For the global OTC industry, the cooperation between IVD MEDICAL and Renhe Pharmacy will pioneer the "digital License-in/Out" model, greatly breaking down barriers to traditional cross-border cooperation, enhancing the innovation efficiency and resource integration speed of the entire chain of R&D, financing, and circulation in the global OTC industry, and is expected to redefine industry rules and cooperation standards. IVD MEDICAL emphasizes in the announcement that the ultimate mission of financial technology is to serve the real economy and create inclusive value. By empowering with technology, helping national brand leaders like Renhe Pharmacy complete digital transformation, and promoting their successful ecological models across various industries, ultimately serving the countrys industrial upgrading and digital economic development. Boston Consulting Group (BCG) and the Singapore Digital Securities Exchange (ADDX) jointly predict that by 2030, the global RWA market will reach $16.1 trillion, accounting for 10% of global GDP. IVD MEDICAL's ETHK Building has already stood as a physical benchmark on this road. It not only carries the dual mission of technology research and ecological empowerment but also symbolizes the mature transformation of the RWA industry from virtual to physical, from conceptual to scaled.