Reitar Logtech Holdings Announced MOU With Rich Harvest Agricultural Produce To Develop "Blockchain + Stablecoin + Smart Cold Chain" Smart Agricultural Ecosystem

Reitar Logtech Holdings Limited (NASDAQ:RITR) ("Reitar" or the "Company"), a comprehensive logistics solutions provider and innovator in smart logistics technology, today announced that it has entered into a non-binding Memorandum of Understanding (the "MOU") with Rich Harvest Agricultural Produce Limited ("Rich Harvest"), a Hong Kong-based integrated agriculture enterprise. The MOU outlines the parties' intent to explore collaboration opportunities to integrate blockchain traceability, digital payment solutions, and smart cold chain technologies in cross-border agricultural supply chains.

Collaboration Overview

The parties intend to explore the development of an integrated technology platform that would combine blockchain-based traceability systems with automated cold chain infrastructure. Rich Harvest operates multiple farming bases across mainland China covering approximately 1,333 hectares (20,000 mu), with established farm-to-table traceability systems using barcode and RFID tracking. Under the proposed collaboration, Rich Harvest would leverage Reitar's expertise in automated cold chain infrastructure and technology solutions.

The Company's contributions to the potential collaboration would include:

●    IoT sensing technology for real-time monitoring
 

●    Access to large automated cold storage facilities in Hong Kong
 

●    Token-based financing models for supply chain operations
 

Strategic Framework

The MOU outlines the parties' intent to explore three potential collaboration areas:

Blockchain Traceability System Development: Co-development of a ledger system for recording farming, harvesting, and transportation data to enhance end-to-end visibility in the supply chain.

Digital Payment Integration: Subject to applicable regulatory approvals and requirements, explore the implementation of digital payment solutions that could include the Company's proposed stablecoin payment system to potentially automate settlements and related processes.

Smart Cold Chain Integration: Integration of Rich Harvest's agricultural operations with Reitar's automated cold storage capabilities and logistics solutions, exploring AI-driven temperature control and inventory management systems.

Implementation Timeline

The MOU contemplates a phased approach to potential collaboration:

Phase 1 (targeted for Q4 2025): Potential pilot program involving approximately 30 tons per day of vegetable exports from Rich Harvest's Guizhou farming base to Hong Kong, with deployment of IoT sensors at harvest and packaging stations and integration with Reitar's large Kwai Chung cold storage facility as a central distribution hub.

Phase 2 (targeted for Q1 2026): Potential onboarding of Hong Kong supermarkets and wet markets for digital payment settlement systems.

Terms of the MOU

The MOU is non-binding and represents the parties' intent to explore potential collaboration opportunities. The parties intend to execute definitive agreements within 120 days following the signing of the MOU. The MOU has an initial term of 24 months and may be terminated by either party with 90 days' written notice. Any definitive collaboration would be subject to the execution of binding agreements and applicable regulatory approvals.