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Reitar Logtech Holdings Signs Strategic MOU with Rich Harvest Agricultural Produce Limited
Collaborating on Establishing "Blockchain + Stablecoin + Smart Cold Chain" Smart Agricultural Ecosystem HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) -- Reitar
About this update from Reitar Logtech Holdings Limited
[{"type":"text","content":"Collaborating on Establishing \"Blockchain + Stablecoin + Smart Cold Chain\" Smart Agricultural Ecosystem\nHONG KONG, June 26, 2025 (GLOBE NEWSWIRE) -- Reitar Logtech Holdings Limited (NASDAQ: RITR) (“Reitar” or the “Company”), a pioneer in providing comprehensive \"Property Logistics Technology (PLT)\" solutions, today announced the signing of a strategic Memorandum of Understanding (the “MOU”) with Rich Harvest Agricultural Produce Limited (“Rich Harvest”), a leading Asian smart agriculture enterprise. With eight farming bases in China covering over 1,333 hectares (20,000 mu), the two parties intend to explore collaboration opportunities integrating blockchain traceability technology, digital payment solutions, and smart cold chain technology in cross-border agricultural supply chains to jointly build an innovative agricultural supply chain ecosystem. Collaboration Overview The parties plan to develop an integrated technology platform combining a blockchain-based traceability system with automated cold chain infrastructure. Rich Harvest operates eight farming bases in the mainland, located in Ningxia, Guizhou, Henan, Hebei, Jiangxi, Xinjiang, Heilongjiang, and Guangdong Qingxin, spanning over 1,333 hectares (20,000 mu), and has established a \"farm-to-table\" traceability system based on barcode and RFID tracking. Under the proposed collaboration, Rich Harvest will leverage Reitar's expertise in automated cold chain infrastructure and technical solutions to achieve the following synergies: IoT sensing technology for real-time monitoringAccess to Reitar’s large automated cold storage facilities in Kwai ChungIntroduction of blockchain smart contract-driven tokenized supply chain finance to optimize capital flow efficiency in agricultural supply chains Strategic Framework According to the MOU, the two parties intend to explore three collaboration areas: Blockchain Traceability System Development: Jointly develop a blockchain system for recording farming, harvesting, transportation and sales data to enhance end-to-end visibility in the supply chain.Digital Payment Integration: Subject to applicable regulatory approvals and requirements, explore the deployment of digital payment solutions including the Company's proposed stablecoin payment system to automate settlement processes. Smart Cold Chain Integration: Integration of Rich Ha...