Today, Pharos, the next-generation institutional-level high-performance parallel Layer 1 public chain, announced a comprehensive upgrade of its capital cooperation with the Hong Kong Stock Exchange-listed company, Xiexin New Energy (0451.HK). According to the latest agreement signed by both parties, Xiexin New Energy has completed an investment subscription for Pharos at a valuation of nearly $1 billion. This not only demonstrates Pharos's strong appeal in technical strength and future commercial value but also marks the transition of the real-world asset (RWA) sector from the concept verification phase to scalable and sustainable commercial implementation.

This cooperation is jointly promoted by both parties, with Xiexin New Energy, as a listed company on the Hong Kong Stock Exchange, providing a compliance framework for this transaction through its rigorous information disclosure standards. Since Xiexin New Energy disclosed the first announcement of this transaction on January 8, 2026, over two months have passed until this supplementary announcement. From market practice, supplementary announcements typically balance the commercial intentions of the parties and regulatory requirements. The disclosure of this supplementary announcement signifies that top Web3 infrastructure represented by Pharos has successfully converted its intrinsic value into assets that can be understood and measured by the traditional financial market, providing a clear and feasible direction for how global Web3 projects can connect with mainstream capital markets.

Xiexin New Energy is deeply involved in the intelligent energy sector, not only being a leading enterprise in the domestic 'integrated electric computing' field but also having pioneered the RWA transformation of energy income rights and cross-border settlement pilot last year. The deep investment of Xiexin New Energy in Pharos at nearly $1 billion valuation is not an internal closed-loop valuation within the Web3 industry, but a market pricing given by a publicly listed company with high market liquidity and deep participation from mainstream institutional investors. This provides a solid real-world endorsement of Pharos's true value, breaking the barrier between virtual assets and physical value, marking a key step for Pharos into the mainstream capital market.

This cooperation announces the arrival of a new era of deep integration between on-chain infrastructure and the new energy industry. Its core lies in leveraging Pharos's leading parallel processing technology to address fundamental issues faced by the traditional energy industry, such as a lack of asset liquidity and low data credibility.

The two parties will engage in in-depth collaboration on core scenarios such as "tokenization of new energy assets," "distributed energy trading," and "carbon footprint tracking," converting quality physical assets of new energy into freely circulating digital tokens. And this is just the beginning. The successful paradigm of Pharos and Xiexin New Energy will build a new ecosystem driven by both physical industry and on-chain finance, creating new incremental space for digitization in the traditional energy industry through intelligent operation and global services.

Wish Wu, co-founder and CEO of Pharos, stated: “The upgrade of cooperation with Xiexin New Energy is a key step in realizing Pharos's vision. We not only achieved a transaction but also jointly created a standard template to deeply integrate Web3 technology into the physical industry with industry giants. The nearly $1 billion valuation cooperation is the market’s recognition of us, and next, we will demonstrate that this is just the beginning with outstanding technology and a prosperous ecosystem.”

Looking to the future, Pharos will empower global developers based on its high-performance parallel underlying architecture compatible with EVM (testnet TPS exceeding 20,000, sub-second transaction confirmation), jointly exploring the trillion-dollar financial market driven by RWA, and defining a new standard of productivity for the digital economy era.