（於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9959） 自願性公告 進行場內股份購回之意向 本自願公告乃由聯易融科技集團（「本公司」）刊發，以向本公司股東及潛在投資者 提供有關本公司最新發展的資料。 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，概不就因本公告全部或任 何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 Linklogis Inc. 聯易融科技集團 股東及潛在投資者務請注意，任何購回均或會按照市況及董事會的絕對酌情權而 進行。概不保證任何購回的時間、數量或價格。因此，股東及潛在投資者於買賣 股份時務請審慎行事。 承董事會命 聯易融科技集團 董事長 宋群 香港，2025年8月26日 於本公告日期，本公司董事會成員包括董事長兼執行董事宋群先生、執行董事冀 坤先生及周家瓊女士、非執行董事林海峰先生及張予焓先生以及獨立非執行董事 高峰先生、陳懷林先生及陳瑋先生。 2 本公司董事會（「董事會」）已決定行使根據本公司股東（「股東」）於2025年6月17日 通過的決議案給予董事會的一般授權（「股份購回授 ...

Financial Performance - For the six months ended June 30, 2025, the company's revenue was RMB 374.5 million, a decrease of 9.3% compared to RMB 413.1 million in the same period of 2024[4]. - The gross profit for the same period was RMB 209.9 million, reflecting a significant decline of 28.3% from RMB 292.9 million in 2024, resulting in a gross margin of 56.0%[4]. - The adjusted net loss for the six months was RMB 372.0 million, which is a 97.4% increase compared to RMB 188.5 million in the previous year[4]. - The company reported an operating loss of RMB 337.1 million in the first half of 2025, compared to an operating loss of RMB 186.5 million in 2024, reflecting a significant increase in losses[27]. - The company reported a loss of RMB 382.1 million for the six months ended June 30, 2025, compared to a loss of RMB 241.5 million for the same period in 2024[51]. - The company’s net loss attributable to equity shareholders for the period was RMB 379,727,000, compared to RMB 240,801,000 in the same period of 2024, reflecting a 57.7% increase in losses[83]. - The company recorded a pre-tax loss of RMB 365,576,000 for the six months ended June 30, 2025, compared to a pre-tax loss of RMB 215,850,000 in the same period in 2024[81]. Customer Metrics - The number of core enterprise customers increased by 25.4% to 1,206, while the total number of core enterprises rose by 19.0% to 2,565[5]. - The customer retention rate improved to 99%, up from 96% in the previous year[5]. - In the first half of 2025, the company added 244 new core enterprise and financial institution clients, bringing the total to 1,352, a 22% increase from 2024[11]. - The overall customer retention rate improved from 96% in 2024 to 99% in 2025, reflecting enhanced customer satisfaction[11]. Supply Chain Technology Solutions - The total supply chain assets processed by the company's technology solutions reached RMB 203.6 billion, with a notable increase in multi-level circulation cloud assets by 54.4% to RMB 133.2 billion[10]. - The company reported a total of RMB 198.7 million in supply chain financial technology solutions, marking a 27.4% increase from RMB 156.0 million in 2024[8]. - The multi-level circulation cloud processed a total of RMB 133.2 billion in supply chain assets, representing a 54.4% year-on-year growth and accounting for 65% of the company's overall business scale[17]. - The company launched innovative solutions such as Digital Trade Token (DTT) and Asset Backed Token (ABT) to enhance global trade finance and address cross-border payment challenges[12]. - The company actively participated in international regulatory technology cooperation projects, exploring tokenization technology applications in international trade finance[13]. Financial Position - The cash and cash equivalents, along with restricted cash, totaled RMB 5,378.3 million, an increase of RMB 305.9 million from the end of 2024[10]. - As of June 30, 2025, the company had cash and cash equivalents of RMB 5,157.9 million, an increase of RMB 259.5 million from RMB 4,898.4 million as of December 31, 2024[59]. - The company had an outstanding balance of RMB 20.0 million in borrowings as of June 30, 2025, down from RMB 30.0 million as of December 31, 2024, with interest rates ranging from 2.35% to 2.45%[62]. - The company reported a net asset value of RMB 7,399,552,000 as of June 30, 2025, down from RMB 7,833,595,000 as of December 31, 2024, indicating a decrease of about 5.5%[85]. - The company's total liabilities increased to RMB 1,032,106,000 as of June 30, 2025, compared to RMB 760,309,000 as of December 31, 2024, reflecting a rise of approximately 35.7%[85]. Operational Efficiency - Research and development expenses decreased by 19.8% from RMB 177.7 million to RMB 142.5 million, mainly due to a reduction in salaries and benefits for R&D employees[33]. - Sales and marketing expenses increased by 10.7% from RMB 66.2 million to RMB 73.3 million, attributed to increased spending on overseas cross-border business development[34]. - General and administrative expenses decreased by 18.9% from RMB 113.7 million to RMB 92.2 million, primarily due to a reduction in salaries and benefits for administrative staff[35]. - The company adopted more flexible pricing and sales strategies in response to changing macroeconomic conditions and market competition[32]. Future Outlook and Strategy - The company is focusing on core business areas and has implemented strategic measures to enhance global trade financing capabilities, particularly in the cross-border cloud segment[9]. - The implementation of new regulations in June 2025 is expected to accelerate industry consolidation and provide strategic growth opportunities for leading supply chain financial technology companies[9]. - The company plans to accelerate the innovation and application of digital asset business, particularly in supply chain finance, in collaboration with licensed institutions in Singapore[22]. - The company aims to enhance shareholder returns and achieve sustainable growth through strategic mergers and acquisitions and the integration of AI and compliant stablecoins[25]. - The company is exploring partnerships for the issuance of compliant stablecoins to facilitate the tokenization of traditional trade finance[22]. Employee Metrics - The company had a total of 679 employees as of June 30, 2025, with 347 in R&D, 134 in sales and marketing, and 198 in general administration[71]. - The company’s employee costs for the six months ended June 30, 2025, were RMB 165,218,000, down from RMB 212,356,000 in 2024, reflecting a reduction of approximately 22.2%[99]. Dividends and Shareholder Returns - The company did not declare an interim dividend for the six months ended June 30, 2025[80]. - The company declared a special final dividend of HKD 0.03 per share, totaling RMB 58,456,000, which was paid on July 17, 2025[108]. - The company repurchased a total of 1,046,000 B shares at a total cost of RMB 1,282,290 during the reporting period[77]. Impairment and Credit Risk - Impairment losses increased from RMB 162.4 million to RMB 270.3 million, with significant losses related to credit-impaired financial assets[37]. - The credit risk related to bridge supply chain assets increased significantly, with an outstanding balance of RMB 2,053.9 million as of June 30, 2025[56][57]. - The company is taking measures to mitigate credit risk associated with bridge supply chain assets, including renegotiating repayment schedules and enhancing credit enhancement measures[39]. - The average time required for bridge processes has increased due to cautious investor behavior and adverse market conditions affecting real estate developers[39].

Core Viewpoint - Recently, Chinese supply chain fintech service provider Lianyi Rong (09959) announced a strategic partnership with global enterprise-level blockchain solution provider XRPL to jointly promote the deployment of Lianyi Rong's global digital supply chain financial application on the XRP Ledger mainnet, aiming for large-scale implementation [1] Group 1: Partnership and Deployment - Lianyi Rong will deploy its global digital supply chain financial application on the XRPL mainnet to support the circulation and cross-border settlement of digital assets in real trade contexts [1] - This partnership signifies Lianyi Rong's integration into the global decentralized finance network and highlights its continuous innovation capabilities in cross-border trade finance [1] Group 2: Company Background and Strategy - Lianyi Rong aims to empower supply chain finance through technology, aspiring to become a leading global digital solution provider, with operations in 27 countries and regions, and plans to handle cross-border assets worth 20.7 billion in 2024 [2] - Since 2019, Lianyi Rong has pursued a "Go Early" and "Go Deep" strategy, establishing a digital banking license in Singapore and forming partnerships with Standard Chartered Bank to create a blockchain-driven digital trade finance platform [2] - In 2023, Lianyi Rong participated in the Project Dynamo asset tokenization initiative and was involved in the issuance of the first tokenized product backed by trade assets, marking a significant achievement in the industry [2] Group 3: Innovation and Future Directions - In 2024, Lianyi Rong co-founded SuperFi Labs, a DeFi innovation lab focused on building next-generation consumer products on-chain, further advancing the development of digital currencies and decentralized finance [3]

Core Insights - 联易融 has established a strategic partnership with XRPL to deploy its global digital supply chain finance application on the XRP Ledger mainnet, aiming for large-scale implementation [1] - The collaboration signifies联易融's integration into the global decentralized finance ecosystem and highlights its ongoing innovation in cross-border trade finance [1] - Future explorations will include deeper cooperation in stablecoins and supply chain finance innovations, focusing on RWA asset trading and the integration of blockchain and AI in global trade finance [1] Company Overview - 联易融 aims to empower supply chain finance through technology, aspiring to become a leading global digital solution provider [2] - Since 2019, the company has expanded its cross-border operations, serving 27 countries and regions, with a projected cross-border asset handling of 20.7 billion in 2024 [2] - 联易融 has established partnerships and joint ventures, including a digital bank in Singapore and a blockchain-driven trade finance platform with Standard Chartered Bank [2][3] Industry Context - XRPL was launched in 2012 to create a more efficient and sustainable value transfer system compared to Bitcoin, supported by global partners [2] - The industry is witnessing significant developments in asset tokenization, with联易融 playing a key role in projects like Project Dynamo and the issuance of the first trade asset-backed tokenized product [2] - The establishment of SuperFi Labs by联易融 aims to innovate in DeFi, focusing on RWA products and decentralized finance development [3]

Core Viewpoint - 联易融科技-W (09959.HK) has issued a profit warning for the first half of 2025, anticipating a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million [1] Financial Performance - The company expects a comprehensive net loss of about RMB 3.7 billion to RMB 3.9 billion for the first half of 2025 [1] - Cash reserves have reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024 [1] - The overall liquidity of the company remains stable [1]

Group 1 - The company issued a profit warning for the first half of 2025, expecting a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million [1] - The company's cash reserves reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a stable liquidity position [1] - The loss is primarily due to impairment losses recognized on historical bridge supply chain assets based on expected credit loss models [1] Group 2 - The company has made significant progress in addressing historical issues by strengthening its credit risk management system, advancing the recovery of legacy assets, and prudently recognizing impairment provisions [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]

Core Viewpoint - The company, Lianyi Rong Technology-W (09959), has issued a profit warning for the first half of 2025, projecting a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million, despite an increase in cash reserves to about RMB 5.4 billion [1][2]. Group 1 - The projected loss is primarily due to impairment losses recognized on historical bridge supply chain assets based on expected credit loss models [1]. - The company’s cash reserves increased by RMB 300 million compared to the end of 2024, indicating a stable liquidity position [1]. - The historical bridge assets, which are short-term receivables held until sold to final funding parties, have been affected by the debt crises of major real estate clients, leading to longer retention periods on the balance sheet [1]. Group 2 - The company has made significant progress in addressing historical issues through enhanced credit risk management, targeted recovery of legacy assets, and prudent impairment provisioning [2]. - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial status of the company [2].

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，概不就因本公告全部或任 何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 Linklogis Inc. 聯易融科技集團 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9959） 1 制現金）達到約人民幣54億元，較截至2024年12月31日的現金儲備增加約人民幣3 億元，流動性狀況持續穩健。 董事會認為，本集團通過加強對過橋供應鏈資產的信用風險管理，針對遺留風險 資產實施專項回收措施，並審慎計提金融資產減值損失，已經大幅度解決遺留過 橋供應鏈資產對財務表現的不利影響。本集團將專注於改善運營，圍繞「AI+產業 金融」、戰略併購及數字資產等核心戰略，在未來實現持續穩健的增長。 本公告所載資料僅基於本公司參考本集團截至2025年6月30日止六個月的未經審 核綜合管理賬目進行的初步評估而作出，並非基於經本公司獨立核數師或董事會 的審核委員會審核或審閱的財務數據或其他資料。由於收集有關資料過程中可能 存在各種不確定因素，上述數字因此可能與本公司按年度或半年度基準將予披露 ...

格隆汇8月13日丨联易融科技-W(09959.HK)公布，公司将于2025年8月26日召开董事会会议，以（其中 包括）审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布。 ...

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，概不就因本公告全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9959） 董事會召開日期 Linklogis Inc. 聯易融科技集團 香港，2025年8月13日 於本公告日期，董事會包括董事長兼執行董事宋群先生、執行董事冀坤先生及 周家瓊女士、非執行董事林海峰先生及張予焓先生以及獨立非執行董事高峰先生、 陳懷林先生及陳瑋先生。 聯易融科技集團（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於2025年8月 26日（星期二）舉行董事會會議，藉以（其中包括）考慮並批准本公司及其附屬公司 截至2025年6月30日止六個月中期業績及其發佈。 本公司的管理層將於北京╱香港時間2025年8月26日下午八時正（美國東部時間 2025年8月26日上午八時正）舉行業績電話會議。參會者請發送電郵至ir@linklogis.com 進行註冊。會議撥入號碼及密碼將於註冊時提供。 承董事會命 聯易融科技集團 董事長 宋群 ...