Core Insights - The company reported a significant growth in overseas business, with GPV reaching nearly 1.3 billion RMB in Q3, surpassing the total overseas GPV of approximately 1.1 billion RMB for the previous year, and showing a 50% increase from 800 million RMB in Q2 [1][2] Group 1: Overseas Business Performance - The company continues to empower international clients through its one-stop payment services and value-added service product lines [1] - The company has diversified its merchant industry mix, now including well-known international brands such as Playmade, Zhenbao, and Shilin Taiwanese Snacks [1] - The company has been exploring overseas markets since 2021 and has obtained various licenses, including MSO in Hong Kong and MPI in Singapore [1] Group 2: Domestic Business Developments - The company has partnered with SaaS industry ecosystem partners like Meituan to enhance service quality for merchants and consumers [1] - The company has solidified its development foundation through collaborations with banks for joint collection, leading to sustained profitability growth in domestic one-stop payment services [1] - In Q3, the payment transaction volume (GPV) reached 6.163 trillion RMB [1] Group 3: Strategic Adjustments and Future Plans - Following strategic adjustments, the company’s in-store e-commerce business has achieved monthly profitability since Q2 [2] - The company is set to become one of the first Douyin service providers in the Hong Kong and Macau regions by Q3 2025, serving international brands like Toshiba and China Telecom [2] - The company has made significant progress in expanding value-added services in vertical industries, securing partnerships with notable platforms such as Taobao, Ctrip, and Didi [2]

Core Insights - The company, Yika (09923), demonstrated strong growth momentum in Q3 2025, actively diversifying its business and providing one-stop payment and value-added services to domestic and international brand clients [1] - The overseas payment business transaction volume increased by 50% quarter-on-quarter, continuing the exponential growth trend observed in the previous year [1] - Domestic payment transaction volume also showed a consistent quarter-on-quarter increase, supported by deeper partnerships and a more solidified ecosystem for long-term growth [1] Overseas Business Performance - The overseas payment transaction volume (GPV) reached nearly RMB 1.3 billion this quarter, surpassing the total overseas GPV of approximately RMB 1.1 billion for the entire previous year, and up about 50% from RMB 800 million in Q2 of this year [2] - The merchant industry mix in overseas markets has diversified, covering sectors such as education, apparel, and beauty services [2] - The company's one-stop payment and value-added service product line continues to empower international clients, with expanded service offerings through investment in Fushi Technology [2] Domestic Business Performance - Domestic GPV reached RMB 616.3 billion this quarter, with collaborations with SaaS industry partners like Meituan to jointly expand channels and enhance service quality for merchants and consumers [2] - The number of partnerships with SaaS and joint acquiring banks continued to increase this quarter, providing robust support for long-term growth [2]

Core Insights - The company continues to demonstrate strong growth momentum in Q3 2025, actively diversifying its business and providing one-stop payment and value-added services to domestic and international brand clients [1] - The overseas payment business transaction volume increased by 50% quarter-on-quarter, maintaining a year-on-year exponential growth trend [1] - Domestic payment transaction volume also showed a consistent quarter-on-quarter increase, supported by deeper partnerships and a more solidified ecosystem [1] Group 1: Overseas Business Performance - The overseas payment transaction volume (GPV) reached nearly RMB 1.3 billion, surpassing last year's total overseas GPV of approximately RMB 1.1 billion, and increasing about 50% from RMB 800 million in Q2 this year [2] - The merchant industry mix in overseas markets has further diversified, covering sectors such as education, apparel, and beauty services [2] - The company's one-stop payment and value-added service product line continues to empower international clients, expanding service reach through investments in companies like Fushi Technology [2] Group 2: Domestic Business Performance - Domestic GPV reached RMB 616.3 billion, with collaborations with SaaS industry partners like Meituan to jointly expand channels and enhance service quality for merchants and consumers [2] - The number of partnerships with SaaS and joint acquiring banks has continued to increase, providing robust support for long-term growth [2] - The strategic upgrade of the business model has led to profitability in previously loss-making segments, with AI-generated digital human videos seeing a rise in transaction volume this quarter [1]

Core Insights - The company continues to demonstrate strong growth momentum in Q3 2025, actively diversifying its business and providing one-stop payment and value-added services to domestic and international brand clients [1] Group 1: Overseas Business Expansion - The overseas payment transaction volume (GPV) reached approximately RMB 1.3 billion, a 50% increase from RMB 800 million in Q2 2025 and surpassing the total overseas GPV of RMB 1.1 billion for the entire previous year [2] - The company has diversified its merchant industry mix overseas, covering sectors such as education, apparel, and beauty services, while expanding its service range through investments in companies like Fushi Technology [2] Group 2: Domestic Business Growth - Domestic GPV reached RMB 616.3 billion, supported by partnerships with SaaS industry ecosystem partners like Meituan, enhancing service quality for merchants and consumers [2] - The number of partnerships with SaaS and joint acquiring banks has continued to increase, providing robust support for long-term growth [2] Group 3: Value-Added Services Performance - The company has made significant progress in expanding its vertical industry client base, acquiring notable e-commerce clients such as Taobao, Ctrip, and Didi [3] - The transaction volume of AI-generated digital human videos has continued to rise, reinforcing the company's leading position in AI applications [3] - The in-store e-commerce business has achieved monthly profitability since Q2 2025, with successful overseas market expansion [3]

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公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公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。 YEAHKA LIMITED 移卡有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9923） 自願性公告 業務發展 • 我們海外業務的交易量保持高速增長，本季度海外支付交易量(GPV)已接近 人民幣13億元，超越去年全年海外GPV約人民幣11億元，比今年第二季度的 人民幣8億元上升約50%； • 海外的商戶行業組合進一步多元化，涵蓋教育、服裝、美業等服務提供商； • 我們一站式的支付及增值服務產品線繼續賦能國際客戶，並通過投資企業 富匙科技擴大服務範圍，為Playmade、珍寶(Jumbo)及士林台灣小吃(Shihlin Taiwan Street Snacks)於多個亞洲地區提供服務。 國內商戶及合作夥伴體系更加全面，推動持續性盈利增長 本公告乃移卡有限公司（「本公司」，連同其附屬公司，統稱「本集團」）自願刊發， 以告知本公司股東及潛在投資者有關本集團最新發展。 二零二五年第三季度（「本季度」 ...

Core Insights - The global expansion of Chinese payment institutions is accelerating, particularly in emerging markets such as Latin America and the Middle East, driven by the increasing demand for cross-border e-commerce and efficient payment solutions [1][2][3] Group 1: Market Trends - The "license rush" among non-bank payment institutions is notable, with companies like PingPong and LianLian Digital obtaining various international payment licenses to enhance their global payment networks [1][2] - Emerging markets are becoming the core engine for growth, with significant opportunities arising from the increasing number of Chinese enterprises going global [2][3] Group 2: Competitive Landscape - The competition in the domestic market is intensifying, prompting companies to seek new growth avenues, particularly in cross-border payments and B2B services [4][5] - Payment institutions are transitioning from merely providing payment channels to offering comprehensive ecosystem services, integrating various financial and operational solutions [6][7] Group 3: Strategic Collaborations - Companies like Payoneer are partnering with local platforms to enhance their service offerings and support Chinese enterprises in foreign markets [2][3] - The establishment of a complete service ecosystem, including payment, logistics, and marketing, is essential for supporting Chinese sellers in their international endeavors [7]

Core Viewpoint - The chairman of the board, Liu Yingqi, has increased his stake in Yika (09923) by purchasing 94,000 shares at a price of HKD 8.2677 per share, totaling approximately HKD 777,200, which raises his total holdings to 161 million shares, representing a 34.92% ownership [1] Group 1 - Liu Yingqi purchased 94,000 shares of Yika at HKD 8.2677 per share [1] - The total amount spent on the share purchase was approximately HKD 777,200 [1] - After the purchase, Liu Yingqi's total shareholding increased to 161 million shares, equating to a 34.92% ownership stake [1]

Group 1 - The chairman of the board, Liu Yingqi, increased his stake in Yika (09923) by purchasing 94,000 shares at a price of HKD 8.2677 per share, totaling approximately HKD 777,200 [1] - After the purchase, the total number of shares held by Liu Yingqi is now 161 million, representing a holding percentage of 34.92% [1]

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10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: 移卡有限公司 (「本公司」) (於開曼群島註冊成立之有限公司) 呈交日期: 2025年11月6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) | 09923 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | 0.000025 | USD | | 25,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | | | 本月底結存 | | | 1,000,000,000 | USD | 0.000025 | USD | | 25,000 ...

Core Insights - The non-bank payment industry in China is undergoing significant consolidation, with 9 non-bank payment institutions undergoing major changes this year, including increased shareholding by major stakeholders in some companies [1] - The industry is entering a deep reshuffling phase characterized by compliance and consolidation, with new regulations raising the minimum registered capital for non-bank payment institutions to RMB 100 million [2] - The trend indicates a shift from scale competition to quality competition, with payment licenses concentrating among entities with ecosystems, scenarios, and compliance capabilities [2] Industry Developments - A total of 271 third-party payment companies have received payment licenses since the central bank began issuing them, with only 164 currently holding valid licenses as of October 2025 [2] - Recent actions by payment institutions, such as capital increases and executive changes, reflect their proactive approach to regulatory compliance and market adaptation [3] Capital Flow and Market Trends - The cross-border payment sector is experiencing rapid growth, contrasting with the contraction of the traditional card payment market [4] - Companies like Lianlian Digital and PayPal are actively acquiring overseas payment licenses, indicating a strategic push towards international markets [4][5] - Lianlian Digital reported a revenue of RMB 1.315 billion for 2024, a 27.9% increase year-on-year, with a gross profit of RMB 683 million and a gross margin of 51.9% [4] Strategic Focus - Payment institutions are advised to view compliance as a lifeline and invest in technology for risk control, data security, and fraud prevention [4] - There is a growing emphasis on deepening service scenarios and enhancing technological capabilities to provide innovative and high-quality payment products and services [5]