According to Mars Finance, on August 14, Coolpad Group announced that the company is currently in the preliminary exploration stage of property asset tokenization and has developed a four-phase strategic plan. The first phase involves feasibility studies and planning, expected to be completed in the fourth quarter of 2025. The company will appoint legal advisors to assess legal issues, establish asset valuation models, and form an internal technical team to study technical solutions. The second phase will initiate partner selection and architecture design, expected to start in the first quarter of 2026. The third phase plans to conduct technical development and internal testing in the second and third quarters of 2026. The fourth phase will involve regulatory communication and pilot launch, with timing to be determined. Coolpad Group will strictly comply with relevant laws and regulations and will disclose information when there are significant developments.