Reitar Logtech Holdings Limited (NASDAQ: RITR) has announced the signing of a non-binding Memorandum of Understanding (MOU) with Rich Harvest Agricultural Produce Limited, a Hong Kong-based agriculture enterprise. The collaboration aims to establish a smart agricultural ecosystem by integrating blockchain traceability, stablecoin payment systems, and smart cold chain technologies. The proposed partnership seeks to leverage Reitar's logistics solutions and technology expertise to enhance Rich Harvest's agricultural operations. A phased approach is planned, starting with a pilot program for vegetable exports scheduled for Q4 2025, and expanding to include digital payment systems for Hong Kong supermarkets by Q1 2026. The MOU is effective for 24 months, with the possibility of termination by either party with 90 days' notice, and is subject to the execution of definitive agreements and regulatory approvals.
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