According to Mars Finance, Zheng Zhi Gang, the grandson of Zheng Yu Tong, the former CEO of New World Development and founder of Chow Tai Fook, has gradually stepped down from multiple positions in family businesses since last year. He has now announced the establishment of Shanghe Development Holdings (ALMAD Group). This comprehensive enterprise group will focus on Web 3 financial innovation, exploring investments in areas such as digital assets, real-world assets (RWA) tokenization, and will also explore applications of blockchain technology and immersive digital experiences in various industries.