Group 1 - The core viewpoint of the news is the strategic partnership between Lianyi Rong Technology Group and XRPL to deploy a global digital supply chain financial application on the XRPL mainnet, aiming for large-scale implementation [1] - Lianyi Rong's deployment on XRPL will facilitate the circulation of digital assets and cross-border settlements in real trade contexts, showcasing its continuous innovation in cross-border trade finance [1] - The collaboration signifies Lianyi Rong's integration into the global decentralized finance ecosystem and aims to expand XRPL's technological boundaries in the realm of real assets [1] Group 2 - Lianyi Rong is committed to empowering supply chain finance through technology, promoting industry intelligence and sustainable development, with the goal of becoming a leading global digital solution provider [2]

Group 1 - The core challenge for the implementation of supply chain finance is the level of technological innovation, with 57% of enterprises having low innovation levels and 13% having almost no technological innovation in supply chain finance [1] - Technological and model innovations are crucial for the innovation of supply chain finance products, which enhance financing capabilities, improve fund management, and reduce costs [2] - The segmentation of China's supply chain finance market includes accounts receivable financing (38%), financing leasing (23%), inventory financing (17%), order financing (12%), and bill financing (10%) [5] Group 2 - The distribution of supply chain finance platforms in China is driven by technology and industry demand, with over 50% being core supply chain finance platforms, followed by financial institutions at 26% and fintech companies at 23% [6]

Group 1 - Company shares surged over 22%, reaching a new high of 2.75 HKD, with a trading volume of 110 million HKD [1] - For the first half of 2025, the company reported a supply chain asset service scale of 203.6 billion CNY and total revenue of 370 million CNY [1] - The company added 244 new core enterprise and financial institution clients, bringing the total to 1,352, a 22% increase from 2024 [1] Group 2 - The company has initiated a global trade finance digital asset strategy, launching Digital Trade Token (DTT) and Asset Backed Token (ABT) as part of its "StableCoin+" solution [2] - The management team expressed confidence in achieving steady growth through its "AI + industrial finance" and digital asset strategies, committing to a share buyback of no less than 80 million USD within the next 12 months [2]

Core Viewpoint - 联易融科技-W (9959.HK) experienced a significant increase of over 20%, reaching a peak of 2.69 HKD, marking a new high since August 2023 [1] Financial Performance - The company reported a mid-term revenue of 375 million HKD and a gross profit of 210 million HKD [1] - Cumulative supply chain asset service scale reached 203.6 billion HKD [1] Customer Growth - During the reporting period, the company added 244 new core enterprise and financial institution clients, bringing the total client count to 1,352, a 22% increase compared to 2024 [1] - Overall customer retention rate improved from 96% in 2024 to 99% [1] Strategic Initiatives - The founder, chairman, and CEO, Song Qun, emphasized the company's focus on three core strategies: AI + industrial finance, strategic mergers and acquisitions, and digital assets, aiming for sustainable growth [1] - The company committed to a share buyback of no less than 80 million USD within the next 12 months, reflecting strong confidence in future growth prospects [1]

Core Insights - 联易融科技集团 reported a supply chain asset service scale of 203.6 billion RMB and total revenue of 370 million RMB for the first half of 2025, with a focus on core business transformation and operational efficiency [1][2] - The company launched a global trade finance digital asset strategy, introducing Digital Trade Token (DTT) and Asset Backed Token (ABT) as part of its "StableCoin+" solution [1][8] - The company plans to repurchase at least 80 million USD worth of shares in the next 12 months, reflecting confidence in its growth strategies [1][11] Financial Performance - Total supply chain asset service scale reached 203.6 billion RMB, with revenue of 370 million RMB [1] - Cash reserves increased to 5.4 billion RMB, up by 300 million RMB from the end of 2024 [1] - The company assisted over 380,000 SMEs in accessing digital inclusive financial services [1][7] Business Model Transformation - The multi-level circulation cloud business processed assets worth 133.2 billion RMB, a 54% year-on-year increase [2] - The ABS cloud business processed 9.6 billion RMB in supply chain assets, showing significant growth [2] - The company added 244 new core enterprise and financial institution clients, bringing the total to 1,352, a 22% increase from 2024 [3] Technological Advancements - 联易融 established a comprehensive AI technology matrix for supply chain finance, integrating major domestic AI models [4] - The company launched the "蜂联AI" intelligent agent, enhancing capabilities in smart trade auditing and registration [4] - Strategic acquisition of Bait Technology expanded the product and service matrix, optimizing operational efficiency [4][5] International Expansion - The company’s international business saw double-digit growth, focusing on cross-border trade and e-commerce [6] - The "Go Early" strategy aims to build a platform ecosystem, while "Go Deep" focuses on in-depth service for Chinese enterprises going global [6] - Regional operation centers were established in the UK and the US to support a multi-trade corridor service network [6] ESG Commitment - The company’s sustainable supply chain asset scale exceeded 29 billion RMB, a 97% year-on-year increase [7] - Average financing cost for SMEs using the company's services was only 2.86% [7] - 联易融 received multiple ESG accolades, including an "A" rating from Wind and recognition as a leading contributor to the UN Sustainable Development Goals [7] Digital Asset Strategy - The company is advancing its global trade finance digital asset strategy, leveraging blockchain technology for secure digital asset management [8][10] - Collaborations with licensed institutions in Singapore aim to facilitate the compliant issuance of DTT [10] - The company is exploring innovative applications of digital assets in supply chain finance and cross-border payments [10][11]

Core Insights - In the first half of 2025, Lianyi Rong Technology Group reported a supply chain asset service scale of 203.6 billion RMB, with total revenue and earnings of 370 million RMB [1] - The company added 244 new core enterprise and financial institution clients, bringing the total to 1,352, a 22% increase compared to 2024 [1] - Lianyi Rong has assisted over 380,000 small and micro enterprises in accessing digital inclusive financial technology services [1] Financial Performance - The company focused on core business areas, accelerating transformation and upgrading, which led to a decrease in operating expenses [1] - Cash reserves reached 5.4 billion RMB, an increase of 300 million RMB from the end of 2024 [1] - The total supply chain assets processed by Lianyi Rong's financial technology solutions amounted to 203.6 billion RMB [1] Business Development - Lianyi Rong has expanded its diverse business partnerships, successfully implementing innovative "de-core" scenario solutions for various enterprises [2] - The company is a leader in the supply chain financial technology industry, continuously innovating in artificial intelligence and blockchain technologies [2] - The founder and CEO, Song Qun, emphasized the company's strategic focus on "AI + industrial finance," mergers and acquisitions, and digital assets to drive sustainable growth [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） 有關雲服務協議的持續關連交易 於2025年8月26日（交易時間後），環融聯易科技（為關聯併表實體）與騰訊雲訂 立雲服務協議，據此，騰訊雲同意為本集團提供雲服務及其他雲相關技術服務， 而本集團同意向騰訊雲支付服務費作為報酬。 上市規則涵義 於本公告日期，騰訊雲為本公司主要股東騰訊的聯繫人，因此，騰訊雲屬本公 司關連人士。因此，根據上市規則第14A章，雲服務協議項下擬進行的交易構成 本公司的持續關連交易。 由於有關雲服務協議的適用百分比率（參照該協議項下最高年度上限計算）超過 0.1%但低於5%，故雲服務協議項下擬進行的交易須遵守申報、公告及年度審閱 規定，惟獲豁免遵守上市規則第14A章的獨立股東批准規定。 1 過往雲服務協議及現有雲服務協議項下，於截至2023年及2024年12月31日止 ...

Core Viewpoint - 联易融科技集团 reported a strong performance in the first half of 2025, focusing on core business transformation and enhancing operational efficiency, while launching innovative digital asset solutions for global trade finance [1][2][4]. Financial Performance - The total supply chain asset service scale reached 203.6 billion RMB, with total revenue and earnings of 370 million RMB [1]. - Cash reserves increased to 5.4 billion RMB, up by 300 million RMB from the end of 2024 [1]. Business Model Transformation - The company accelerated its business model transformation, with the multi-level circulation cloud business processing assets of 133.2 billion RMB, a year-on-year increase of 54% [2]. - The ABS cloud business processed supply chain assets of 9.6 billion RMB, showing significant growth compared to the previous year [2]. Client Expansion and Retention - The number of core enterprise and financial institution clients increased by 244, totaling 1,352, representing a 22% growth from 2024 [1][3]. - Client retention rate improved from 96% to 99% [3]. Technological Innovation - The company established a comprehensive AI technology matrix for supply chain finance, integrating major domestic AI models and enhancing its proprietary LDP-GPT model [4]. - The intelligent agent "BeeLink AI" was successfully deployed in over 30 core enterprises and financial institutions [4]. Strategic Acquisitions - The acquisition of Byte Technology expanded the product and service matrix, optimizing operational efficiency [4][5]. International Expansion - The international business saw double-digit growth, with a focus on cross-border trade and e-commerce, supporting over 1,100 small and medium-sized enterprises with digital financing services [6]. - Regional operation centers were established in the UK and the US to enhance the global trade corridor service network [6]. ESG Commitment - The company served over 380,000 small and micro enterprises, with an average financing cost of 2.86% [7]. - The sustainable supply chain asset scale exceeded 29 billion RMB, a 97% year-on-year increase [7]. Digital Asset Strategy - The company launched a global trade finance digital asset strategy, focusing on the development of digital trade tokens (DTT) and asset-backed tokens (ABT) [8][10]. - Collaborations with licensed institutions in Singapore and Hong Kong aim to promote the compliant issuance of DTT and Stablecoin+ solutions [10]. Future Outlook - The company plans to conduct a share buyback of at least 80 million USD in the next 12 months, reflecting confidence in future growth prospects [1][11].

Core Insights - The company reported a supply chain asset service scale of 203.6 billion RMB and total revenue of 370 million RMB for the first half of 2025, with a focus on core business transformation and operational efficiency [1][2] - The company launched a global trade finance digital asset strategy, introducing Digital Trade Token (DTT) and Asset Backed Token (ABT) as part of its "StableCoin+" initiative [1][8] - The company plans to repurchase at least 80 million USD worth of shares in the next 12 months, reflecting confidence in its growth strategies [1][11] Business Performance - The supply chain financial technology solutions processed a total of 203.6 billion RMB in assets, with the multi-level circulation cloud business growing by 54% year-on-year to 133.2 billion RMB [2] - The company added 244 new core enterprise and financial institution clients, bringing the total to 1,352, a 22% increase from 2024 [3] - The average financing cost for small and micro enterprises served by the company was only 2.86% [7] Technological Advancements - The company has established a comprehensive AI technology matrix for supply chain finance, integrating domestic AI models and enhancing its proprietary LDP-GPT model [4] - The company completed the deployment of its AI-driven solutions in over 30 core enterprises and financial institutions, improving operational efficiency [4] Strategic Initiatives - The company is expanding its international supply chain finance layout, achieving double-digit growth in cross-border cloud asset services [6] - The company is committed to sustainable supply chain finance, with assets in sustainable supply chains exceeding 29 billion RMB, a 97% increase year-on-year [7] - The company is actively pursuing strategic acquisitions to diversify its growth drivers [5] Future Outlook - The company aims to leverage AI and compliant stablecoins to reshape cross-border capital flows and enhance financial system resilience amid global economic uncertainties [10][11] - The company is set to explore innovative applications of digital assets in real-world asset tokenization and cross-border digital payments [10]

Core Viewpoint - The company plans to repurchase shares worth no less than 80 million USD within the next 12 months, indicating confidence in its intrinsic value and business prospects [1] Group 1 - The board may decide to utilize the share repurchase authorization further depending on market conditions [1] - The board believes that the current trading price of the shares does not reflect their intrinsic value and the company's business outlook [1] - The proposed share repurchase reflects the board and management's confidence in the company's core strategies, including "AI + industrial finance" and digital assets [1] Group 2 - The board considers the share repurchase to be in the best interest of the company and its shareholders [1]