FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 數科集團控股有限公司 （於開曼群島註冊成立的有限公司） 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02350 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | ...

MTT GROUP HOLDINGS LIMITED 數科集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） (Stock Code 股份代號: 2350) NOTIFICATION LETTER 通知信函 Date as postmarked Dear Non-registered Holder(s) (Note 1) , MTT Group Holdings Limited (the "Company") – Notification of publication of Annual Report, Circular and Notice of Annual General Meeting (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available ...

MTT GROUP HOLDINGS LIMITED 數科集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） (Stock Code 股份代號: 2350) NOTIFICATION LETTER 通知信函 Date as postmarked Dear Registered Shareholders, MTT Group Holdings Limited (the "Company") – Notification of publication of Annual Report, Circular, Notice of Annual General Meeting and Proxy Form (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now avai ...

為數科集團控股有限公司（「本公司」）已發行股本中股份之登記持有人，茲委任大會主席 （附註3） 或 MTT GROUP HOLDINGS LIMITED 2350 與本代表委任表格有關的 股份數目 （附註1） 於二零二五年九月十二日（星期五）舉行之股東週年大會（或其任何續會） 代表委任表格 本人╱吾等 （附註2） 地址為 收集個人資料聲明 閣下是自願提供 閣下及 閣下受委代表之姓名及地址，以用於處理就本公司股東週年大會有關 閣下委任受委代表之請求及投票指示（「該 等用途」）。我們可能向為本公司為該等用途提供行政、電腦及其他服務的代理人、承辦商或第三者服務供應商，以及其他獲法例授權而要求 取得有關資料的人士或其他與上述所列出之該等用途有關以及需要接收有關資料之人士提供 閣下及 閣下受委代表之姓名及地址。 閣下 及 閣下受委代表之姓名及地址將就履行上述該等用途所需之時間予以保留。閣下及 閣下受委代表有權按照《個人資料（私隱）條例》要求存 取及╱或更正相關個人資料，而有關要求均須以書面形式郵寄至上述地址予卓佳證券登記有限公司。 1. 請填上與本代表委任表格有關的股份數目。如未有填上股份數目，則本代表委任表格將被視為與 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 MTT GROUP HOLDINGS LIMITED 2350 股東週年大會通告 茲通告數科集團控股有限公司（「本公司」）謹訂於二零二五年九月十二日（星期五）下午四 時正假座香港灣仔告士打道108號光大中心6樓舉行股東週年大會（「股東週年大會」），討 論下列事項： - 1 - 「動議： 1. 省覽及採納本公司截至二零二五年三月三十一日止年度之經審核綜合財務報表及董 事會與核數師報告書。 2. (a) 重選葉嘉威先生為本公司執行董事； (b) 重選陳添祥先生為本公司執行董事； (c) 重選閆威先生為本公司執行董事； (d) 重選王冠先生為本公司執行董事； (e) 重選何宏信先生為本公司非執行董事；及 (f) 授權本公司董事會釐定本公司董事之薪酬。 3. 續聘天健國際會計師事務所有限公司為本公司核數師及授權本公司董事會釐定其薪 酬。 4. 考慮並酌情通過以下決議案（不論有否修訂）為普通決議案： 「動議： 而 ...

此乃要件 請即處理 閣下對本通函任何方面或應採取之行動如有任何疑問，應諮詢股票經紀或其他註冊證券商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有數科集團控股有限公司之股份，應立即將本通函及隨附之代表委任表 格送交買主或承讓人，或經手買賣或轉讓之銀行、股票經紀或其他代理商，以便轉交買主或承讓 人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部份內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 MTT GROUP HOLDINGS LIMITED 2350 (1)建議重選退任董事 及 (2)建議授出回購股份及發行股份之一般授權 及 (3)股東週年大會通告 數科集團控股有限公司謹訂於二零二五年九月十二日（星期五）下午四時正假座香港灣仔告士打道 108號光大中心6樓舉行股東週年大會，大會通告載於本通函第AGM-1至第AGM-5頁。適用於股東 週年大會之代表委任表格亦隨附於本通函內。該代表委任表格亦分別於香港交易及結算所有限公司 網站(http://www.hkexnews.hk） ...

HKEx Stock Code: 2350 股份代號 : 2350 (於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) A n n u al R e p ort 2 0 2 4/2 5 年 度 報 告 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 主席報告 | 4 | | 管理層討論與分析 | 5 | | 董事會報告 | 11 | | 企業管治報告 | 26 | | 董事及高級管理層 | 43 | | 環境、社會及管治報告 | 50 | | 獨立核數師報告 | 65 | | 綜合損益及其他全面收入表 | 70 | | 綜合財務狀況表 | 71 | | 綜合權益變動表 | 73 | | 綜合現金流量表 | 74 | | 綜合財務報表附註 | 76 | | 財務概要 | 138 | | 詞彙表 | 139 | 公司資料 執行董事 葉嘉威先生 （主席兼行政總裁） 陳添祥先生 閆威先生（於二零二五年七月二十五日獲委任） 王冠先生（於二零二五年七月二十五日獲委任） 非執行董事 何宏信 ...

[Performance Highlights](index=1&type=section&id=%E6%91%98%E8%A6%81) [Financial Summary](index=1&type=section&id=%E6%91%98%E8%A6%81) For the year ended March 31, 2025, the Group's total revenue slightly increased by **0.3%** to approximately **HKD 630 million**, with the annual loss significantly narrowing by **31.3%** to **HKD 10.3 million** | Metric | FY2025 | FY2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | Approx. 630,200,000 HKD | Approx. 628,100,000 HKD | +0.3% | | **Annual Loss** | Approx. 10,300,000 HKD | Approx. 15,000,000 HKD | -31.3% | | **Basic Loss Per Share** | (1.65) HK cents | (2.40) HK cents | N/A | [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E5%85%A5%E8%A1%A8) Gross profit for the year decreased by **13.5%** to **HKD 61.363 million**, with the narrowing of loss primarily driven by a significant reduction in expected credit loss provisions and lower selling and distribution expenses | Item (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 630,172 | 628,075 | | Gross Profit | 61,363 | 70,976 | | Selling and Distribution Expenses | (26,552) | (36,170) | | Net Expected Credit Loss | (4,512) | (14,328) | | **Loss for the Year** | **(10,320)** | **(14,973)** | [Consolidated Statement of Financial Position](index=3&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of March 31, 2025, the Group's total and net assets remained relatively stable, with net current assets slightly decreasing and a notable increase in contract liabilities within current liabilities | Item (HKD thousands) | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | **Non-current Assets** | 24,688 | 27,752 | | **Current Assets** | 454,671 | 453,006 | | **Current Liabilities** | 292,318 | 280,432 | | **Non-current Liabilities** | 3,478 | 6,464 | | **Net Assets** | **183,563** | **193,862** | [Notes to the Financial Statements](index=4&type=section&id=%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) [Revenue and Segment Information](index=5&type=section&id=3.%20%E6%94%B6%E7%9B%8A%20%26%204.%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) Total revenue was primarily driven by a **12.3%** growth in system integration solutions business to **HKD 241 million**, offsetting a **5.8%** decline in distribution business, with Hong Kong contributing over **99%** of total revenue | Business Segment (HKD thousands) | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Distribution Business** | 389,506 | 413,722 | -5.8% | | **System Integration Solutions Business** | 240,666 | 214,353 | +12.3% | | **Total** | **630,172** | **628,075** | **+0.3%** | - Distribution business refers to the distribution of licensed IT products and provision of related implementation services; system integration solutions business refers to the procurement of IT products and provision of customized IT infrastructure, maintenance, and support services[15](index=15&type=chunk) | Geographical Market (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Hong Kong | 624,564 | 616,710 | | China (excluding Hong Kong and Macau) | 4,343 | 8,670 | | Macau | 442 | 2,695 | | Malaysia | 823 | – | [Key Expenses and Taxation](index=8&type=section&id=5.%20%E7%A8%85%E9%A0%85%20%26%206.%20%E5%B9%B4%E5%85%A7%E8%99%A7%E6%90%8D) Staff costs significantly increased by **23.8%** to **HKD 71.543 million**, while net impairment loss on trade receivables, though reduced, remained a material expense at **HKD 4.5 million**, and the Group recorded an income tax expense for the year | Item (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | **Staff Costs** | 71,543 | 57,788 | | Depreciation | 4,584 | 4,798 | | Cost of Inventories Recognized as Expense | 487,564 | 496,838 | | Net Impairment Loss on Trade Receivables | 4,498 | 14,351 | - The Group operates in Hong Kong, Mainland China, Macau, and Malaysia, subject to different corporate income tax rates, including Hong Kong's two-tiered **8.25%**/**16.5%** system, Mainland China's **25%** (with small entity concessions for some subsidiaries), Malaysia's **24%**, and Macau's maximum **12%**[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) [Dividends and Loss Per Share](index=10&type=section&id=7.%20%E8%82%A1%E6%81%AF%20%26%208.%20%E6%AF%8F%E8%82%A1%E8%99%A7%E6%90%8D) The company neither declared nor paid any dividends for the year, with basic loss per share at **HKD 0.0165**, calculated based on an annual loss of **HKD 10.32 million** and **625 million** issued ordinary shares - For the years ended March 31, 2025 and 2024, the Company neither paid nor declared any dividends to shareholders[24](index=24&type=chunk)[58](index=58&type=chunk) | Item | 2025 | 2024 | | :--- | :--- | :--- | | **Loss for the Year (HKD thousands)** | (10,320) | (14,973) | | **Number of Issued Ordinary Shares (thousands)** | 625,000 | 625,000 | [Working Capital Analysis](index=11&type=section&id=10.%20%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%20%26%2011.%20%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) Total trade receivables significantly decreased to **HKD 241 million**, yet **HKD 108 million** remains overdue for over 180 days, while prepayments surged to **HKD 157 million** mainly for IT product procurement - As of March 31, 2025, approximately **HKD 219 million** of trade receivables balance was overdue, with **HKD 180 million** overdue for more than 90 days, and management considers existing loss provisions adequate[29](index=29&type=chunk) - Prepayments include approximately **HKD 132 million** for IT product procurement in the distribution business, expected to be utilized by July 2025[27](index=27&type=chunk) | Trade Receivables Aging (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | 0 to 90 days | 47,859 | 105,224 | | 91 to 180 days | 71,272 | 86,354 | | Over 180 days | 108,073 | 181,232 | | **Total** | **227,204** | **372,810** | [Management Discussion and Analysis](index=13&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E5%8F%8A%E5%B1%95%E6%9C%9B) [Business Review and Outlook](index=13&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E5%8F%8A%E5%B1%95%E6%9C%9B) As an IT solutions provider, the Group's system integration business grew due to cloud service demand, offsetting distribution decline, while future opportunities in cloud, data centers, and AI are balanced by IT talent shortages, retail weakness, and geopolitical tensions [Business Review](index=13&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) Total revenue slightly increased by **0.3%** to **HKD 630 million**, driven by a **12.3%** growth in system integration solutions to **HKD 241 million**, while distribution revenue declined by **5.8%** to **HKD 390 million** - The Group primarily engages in two businesses: (i) IT product distribution; and (ii) system integration solutions, including system design, software and hardware implementation, coordination, and maintenance support services[32](index=32&type=chunk) | Business Segment | Revenue (HKD) | YoY Change | Reason | | :--- | :--- | :--- | :--- | | **Distribution Business** | Approx. 389.5 million | -5.8% | Weak economic environment, reduced demand | | **System Integration Solutions** | Approx. 240.7 million | +12.3% | Increased demand for cloud-related applications and system services | [Outlook, Opportunities, and Challenges](index=13&type=section&id=%E5%89%8D%E6%99%AF) Future growth opportunities stem from cloud service adoption, data center investments, and AI-driven infrastructure demand, while challenges include IT talent shortages, retail sector weakness, and geopolitical uncertainties - Opportunities: - **Cloud Services**: Enterprises continue to migrate to the cloud for efficiency, driving demand for cloud infrastructure, data management, and security products[34](index=34&type=chunk)[36](index=36&type=chunk) - **Data Centers**: Increased internet usage and the adoption of hyper-converged architecture will drive data center-related investments[34](index=34&type=chunk)[36](index=36&type=chunk) - **Artificial Intelligence**: Enterprises adopting machine learning technologies will drive demand for AI servers and storage infrastructure[34](index=34&type=chunk)[36](index=36&type=chunk) - Challenges: - **Talent Shortage**: The worsening IT talent shortage in Hong Kong increases staff costs, impacting profitability[36](index=36&type=chunk) - **Retail Weakness**: Retailers are more cautious with IT investments, potentially reducing overall industry profitability[36](index=36&type=chunk) - **Geopolitical Tensions**: US-China tensions and the Russia-Ukraine war may lead to regulatory changes and trade disruptions, affecting business stability[36](index=36&type=chunk) [Financial Performance Analysis](index=15&type=section&id=%E8%B2%A1%E5%8B%99%E8%A1%A8%E7%8F%BE%E5%88%86%E6%9E%90) Gross profit margin decreased from **11.3%** to **9.7%** due to intense competition, but the annual loss narrowed to **HKD 10.3 million** due to a **26.5%** reduction in selling and distribution expenses and lower expected credit losses - Overall gross profit margin decreased from **11.3%** in the previous year to **9.7%** in the current year, primarily due to declining gross profit margins in both system integration and distribution businesses caused by intense competition and economic weakness[39](index=39&type=chunk) - Selling and distribution expenses decreased by **HKD 9.6 million** (**-26.5%**), primarily due to reduced commissions paid to employees during the year[42](index=42&type=chunk) - Administrative expenses increased by **HKD 2.9 million** (**+8.4%**), mainly due to higher staff costs related to strategic planning and increased legal and professional fees[43](index=43&type=chunk) - Annual loss decreased from **HKD 15 million** to **HKD 10.3 million**, a reduction of **31.3%**[46](index=46&type=chunk) [Liquidity and Capital Resources](index=18&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) The Group's financial position is robust with an improved net debt position, as the net gearing ratio decreased from **29.6%** to **23.6%** due to reduced bank borrowings, and sufficient liquidity is maintained with pledged assets | Item (HKD thousands) | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | Bank Borrowings | 48,200 | 59,900 | | Net Debt Position | 43,300 | 57,300 | | Total Equity | 183,600 | 193,900 | | **Net Gearing Ratio** | **23.6%** | **29.6%** | - As of March 31, 2025, the Group pledged approximately **HKD 31.7 million** in bank deposits and **HKD 9.5 million** in directors' life insurance policies to secure bank financing[56](index=56&type=chunk) - Capital expenditure for the year was **HKD 0.1 million**, significantly lower than **HKD 1.5 million** in the previous year[55](index=55&type=chunk) [Human Resources and Capital Structure](index=19&type=section&id=%E5%83%B1%E5%93%A1%20%26%20%E8%B3%87%E6%9C%AC%E7%B5%90%E6%A7%8B) As of March 31, 2025, employee count remained stable at **179**, but staff costs increased from **HKD 57.8 million** to **HKD 71.5 million**, with no share options granted and an unchanged capital structure since listing | Item | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | **Number of Employees** | Approx. 179 | Approx. 180 | | **Staff Costs** | Approx. 71,500,000 HKD | Approx. 57,800,000 HKD | - The Group adopted a share option scheme in December 2022, but as of the financial year-end, no share options were granted or remained outstanding[63](index=63&type=chunk) - There has been no change in the Company's issued share capital since its listing in September 2022[59](index=59&type=chunk) [Post-Reporting Period Events and Use of Proceeds](index=20&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E7%B5%90%E6%9D%9F%E5%BE%8C%E7%9A%84%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A0%85%20%26%20%E6%89%80%E5%BE%97%E6%AC%BE%E9%A0%85%E7%94%A8%E9%80%94) A significant post-reporting event on June 12, 2025, involved an unconditional mandatory cash offer for the company's shares; of the **HKD 66 million** IPO proceeds, **HKD 61.3 million** has been utilized, with the remaining **HKD 4.7 million** delayed due to talent recruitment and system development - On June 12, 2025, QH Technology Holdings Limited announced an unconditional mandatory cash offer for the Company[64](index=64&type=chunk) | Use of Net IPO Proceeds (HKD millions) | Intended Amount | Amount Utilized | Unutilized Amount | | :--- | :--- | :--- | :--- | | Expansion of System Integration Solutions Business | 13.5 | 8.9 | 4.6 | | Upgrade of Equipment, Software, Hardware, and ERP Systems | 2.9 | 2.8 | 0.1 | | Other Fully Utilized Purposes | 49.6 | 49.6 | – | | **Total** | **66.0** | **61.3** | **4.7** | - Reasons for the delay in utilizing proceeds include extended recruitment periods due to insufficient talent supply in the market and longer-than-planned system development phases[68](index=68&type=chunk) [Corporate Governance and Other Information](index=23&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F) [Corporate Governance Practices](index=23&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F) The company largely complied with the Corporate Governance Code, with a deviation where the Chairman and CEO roles are combined, which the Board believes provides strong leadership and aligns with shareholder interests - The Company deviates from Corporate Governance Code provision C.2.1, where the roles of Chairman and Chief Executive Officer are held by the same individual, Mr. Yip Ka Wai[71](index=71&type=chunk) - The Board believes this arrangement provides strong and consistent leadership, given Mr. Yip Ka Wai's extensive experience, and adequate checks and balances are in place[71](index=71&type=chunk)[72](index=72&type=chunk) [Review and Publication](index=24&type=section&id=%E5%AF%A9%E9%96%B1%E5%B9%B4%E5%BA%A6%E6%A5%AD%E7%B8%BE) The Audit Committee, composed of three independent non-executive directors, has reviewed the annual results, and the auditor has confirmed consistency of financial figures with audited statements, with the Annual General Meeting scheduled for August 19, 2025 - The Audit Committee, comprising three independent non-executive directors, has reviewed the annual results and deemed them prepared in accordance with applicable accounting standards with sufficient disclosure[74](index=74&type=chunk)[75](index=75&type=chunk) - The auditor, Tianjian International Certified Public Accountants Limited, has confirmed the consistency of financial figures in this announcement with the audited statements, though their work does not constitute an assurance engagement[76](index=76&type=chunk) - The annual results announcement and annual report will be published on the Stock Exchange website and the Company's website[79](index=79&type=chunk)

Group 1 - The "Investment Chengdu" Global Investment Conference was held on June 18, 2025, attracting nearly 400 guests from various sectors, including Fortune 500 companies and financial institutions [1][3] - Doumiao Technology Group signed a cooperation agreement for a "major industrialization project," marking a significant step in its digital strategy and contributing to the economic development of Chengdu [3][8] - The project is expected to enhance Doumiao's business expansion and elevate its capabilities while strengthening the local industrial chain [3][8] Group 2 - Doumiao's chairman emphasized the company's strategy in the digital economy, focusing on technology innovation and industry upgrades [4][5] - The company aims to connect various stakeholders in the automotive industry through a comprehensive solution that enhances transaction efficiency and optimizes financial services [4][5] - Chengdu's favorable business environment, including talent availability and efficient governance, is seen as a significant advantage for technology companies like Doumiao [5][6] Group 3 - The successful signing of the "Chengdu Major Industrialization Project" opens a new chapter for Doumiao's strategic development and deepens its collaboration with Chengdu High-tech Zone [8] - Doumiao is committed to driving digital transformation in the automotive industry and contributing to the city's high-quality development [8]

Group 1 - The visit by the China Enterprise Financial Management Association to Deep Technology Group highlighted the importance of digital technology application and platform construction in the financial sector [1][3] - The discussions focused on topics such as supply chain financial innovation, intelligent platform development, and the empowerment of the real economy through financial technology [1][3] - The Chairman of Deep Technology Group shared insights on the company's core sectors, strategic planning, and operational development, praising the association's role in promoting intelligent development in China [3] Group 2 - The association's honorary chairman expressed high expectations for deepening cooperation and praised the strategic model of Deep Technology Group, which focuses on integrated development [3] - The association's vice president shared insights on the exploration and practice of promoting intelligent development, emphasizing the need for member sharing, case presentations, and channel cooperation [3] - The exchange underscored the willingness of both parties to enhance communication and collaboration, aiming to establish a long-term cooperation mechanism to support the development of millions of small and micro enterprises [3]