Financial Data and Key Metrics Changes - The net loss from continuing operations attributable to shareholders improved to RMB30 million from RMB51 million year-on-year, a decrease of 41.9% [11] - Revenue for Q3 2024 was RMB417 million, a decrease of 48.3% compared to the same period last year, primarily due to the strategic decision to phase out the cloud service business [42] - Gross margin of continuing operations was 32.7%, down from 36% in the prior year, mainly due to reduced economies of scale [44] - Net profit for the period attributable to shareholders was RMB110 million, compared to a net loss of RMB281 million in the same period last year [45] Business Line Data and Key Metrics Changes - Revenue generated from third-party customers decreased by 12.4% to RMB236 million in Q3 2024, but revenue from overseas third-party customers increased by 23.4% year-on-year [43] - R&D expenses from continuing operations were RMB70 million, down from RMB230 million year-on-year, reflecting a proactive adjustment of business structure [46] - Sales and marketing expenses from continuing operations decreased to RMB46 million from RMB66 million year-on-year, indicating enhanced sales efficiency [47] Market Data and Key Metrics Changes - The Southeast Asian region has become a strong growth engine, with significant revenue growth from overseas customers [33] - The company has established strategic cooperation with leading foreign banks operating in China, enhancing its market presence [24] Company Strategy and Development Direction - The company is focusing on product upgrades, customer expansion, and overseas market growth, particularly in digital banking, digital insurance, and the Gamma platform [13][15] - OneConnect aims to empower financial institutions to achieve digital transformation and improve operational efficiency through technology [10] - The company is in the critical period of Stage 2 strategy, focusing on broadening customer engagement and optimizing product offerings [15] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing volatility and uncertainty in the market but remains committed to improving customer experience and product competitiveness [50] - The company expects the discontinuation of the cloud service to impact top-line performance in 2024, but it will continue to focus on cost controls and overseas expansion [51] Other Important Information - OneConnect won four awards in Q3 2024, bringing the total to 318 awards, reflecting industry recognition of its products and technical strength [36] - The company has launched several AI-driven tools to enhance sales and marketing efficiency [19][31] Q&A Session Summary Question: What does the decrease in payment ratios with Ping An Group mean for profit margins? - Management emphasized that Ping An Group remains a key partner and that the company is phasing out low gross margin products to improve profitability [54][56] Question: What are the latest overseas expansion efforts regarding hiring and staffing? - The company plans to allocate resources based on overseas business needs and will focus on core banking, SLP platform, and E-KYC among other offerings [57][59]

Exhibit 99.1 OneConnect Announces Third Quarter and Nine Months Ended September 30, 2024 Unaudited Financial Results Revenue from third-party overseas customers increased by 23.4% YoY in first three quarters of 2024 SHENZHEN, China — (PRNewswire) — OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT and HKEX: 6638), a leading technology-as-a- service provider for the financial services industry in China, today announced its unaudited financial results for the third quarter ...

Financial Data and Key Metrics Changes - The company reported a revenue from continuing operations of RMB1.416 billion in the first half of 2024, a decrease of 22.8% compared to the same period last year [21] - Net loss from continuing operations attributable to shareholders improved to RMB70 million in the first half, a significant year-on-year decrease of about 38% [8][23] - Gross profit margin remained stable at 37.1%, with an adjusted gross profit margin of 39.4% [8][23] - The company achieved a net profit attributable to shareholders of RMB243 million in Q2 2024, primarily due to a one-time gain from the sale of its virtual banking business [32][33] Business Line Data and Key Metrics Changes - Revenue from third-party customers decreased by 16.9% to RMB418 million in the first half, while revenue from overseas customers increased by 14.8% year-on-year [22] - Revenue from the Gamma Platform segment accounted for 67.2% of total revenue, decreasing by 9.4% year-over-year [28] - Digital banking segment revenue, which accounted for 14.5% of total revenue, reduced by 57.4% year-over-year [29] - Digital insurance segment revenue, accounting for 18.4% of total revenue, decreased by 33.3% year-over-year [29] Market Data and Key Metrics Changes - Revenue contribution from overseas customers increased to 21.2% of total third-party revenue [17] - The company reported strong growth momentum in overseas markets, particularly in Hong Kong, Southeast Asia, and South Africa [41] Company Strategy and Development Direction - The company is focused on enhancing product capabilities in digital banking, digital insurance, and the Gamma platform to empower financial institutions [10] - OneConnect aims to expand its presence in international markets, including Southeast Asia, South Africa, and the Middle East, while continuing to deepen cooperation with existing customers [11][41] - The company is committed to optimizing high-quality offerings and investing in R&D to meet the demands of financial institutions [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unpredictability in the market but remains focused on improving third-party revenue and enhancing product competitiveness [33] - The company is optimistic about achieving double-digit growth in overseas revenue and plans to expand its banking and insurance solutions in targeted markets [41] Other Important Information - The company won nine awards in the first half of 2024, bringing the total number of honors to 314, reflecting industry recognition for its products and technical strengths [18] Q&A Session Summary Question: Why does the company have a dividend payout plan despite achieving profit? - Management stated that achieving positive earnings is a significant milestone, and they will consider various factors, including overseas development needs and financial position, when deciding on dividend payouts [39][40] Question: What is the strategy for overseas business and revenue growth targets? - Management highlighted that overseas revenue increased by 14.8% and expressed confidence in achieving double-digit growth in overseas revenue, focusing on markets like Southeast Asia and Hong Kong [41]

Revenue Performance - Revenue from continuing operations decreased by 19.1% to RMB723 million in Q1 2024, down from RMB894 million in the same period last year[9] - Revenue for the three months ended March 2024 was RMB 723.27 million, a decrease of 19.1% from RMB 893.83 million for the same period in 2023[29] - Revenue from third-party overseas customers increased by 14.8% year-over-year in Q1 2024, indicating rapid growth in overseas business[6] - Revenue from the Gamma Platform segment decreased by 6.2% to RMB430 million in Q1 2024, contributing 59.4% of total revenue[10] Profitability and Loss - Gross profit for the same period was RMB 272.40 million, down 18.6% from RMB 334.66 million year-over-year[29] - Operating loss from continuing operations narrowed by 15.1% to RMB66 million in Q1 2024, compared to RMB78 million in the same period last year[2] - Net loss from continuing operations attributable to shareholders decreased by 25.9% to RMB54 million in Q1 2024, down from RMB72 million in the prior year[18] - Total comprehensive loss for the period was RMB 101.50 million, an improvement from RMB 162.25 million in the same period last year[31] - The company reported a loss per share from continuing operations of RMB 0.05, compared to RMB 0.07 in the previous year[31] Operational Efficiency - Gross margin of continuing operations improved by 0.3 percentage points year-over-year to 37.7% in Q1 2024, compared to 37.4% in the prior year[2] - Operating expenses from continuing operations decreased to RMB342 million in Q1 2024, down from RMB416 million in the prior year[14] - Operating loss narrowed to RMB 66.35 million from RMB 78.14 million year-over-year, indicating improved operational efficiency[29] - Net cash used in operating activities improved to RMB (115,236) from RMB (613,264), a reduction of 81.2%[36] Research and Development - Research and development expenses decreased by 22.8% year-over-year to RMB213 million in Q1 2024, reflecting a strategic focus on high-quality projects[7] - Research and development expenses decreased to RMB 213.18 million, a reduction of 22.8% compared to RMB 276.15 million in the previous year[29] Cash Flow and Assets - Net cash used in operating activities was RMB155 million in Q1 2024, while net cash generated from investing activities was RMB256 million[19] - Cash and cash equivalents decreased to RMB 1.25 billion from RMB 1.38 billion at the end of 2023[33] - Total assets increased to RMB 8.14 billion as of March 2024, compared to RMB 8.07 billion at the end of 2023[33] - Net cash generated from investing activities was RMB 255,848, down from RMB 407,066, a decrease of 37.1%[36] - Net cash used in financing activities increased to RMB (100,971) from RMB (44,421), reflecting a rise of 127.5%[36] Liabilities and Equity - Total liabilities increased to RMB 5,294,224, up from RMB 5,120,566, representing a growth of 3.4% year-over-year[34] - Total current liabilities rose to RMB 5,237,552, compared to RMB 5,073,078, marking an increase of 3.2%[34] - Total equity and liabilities reached RMB 8,141,666, a marginal increase from RMB 8,068,358[34]

专业，科技创造价值 Technology Creates Value Through Expertise 金 融 壹 账 通2024年 第1季 度 业 绩发布会 OCF T E ar nings Release - Fir st Quar ter Results 2 0 2 4 2 0 2 4年 5 月 2 1 日 M ay 2 1 , 2 0 2 4 ...

Financial Data and Key Metrics Changes - The net loss from continuing operations attributable to shareholders improved to RMB60 million from RMB80 million year-on-year, a reduction of 21.2% [8] - Revenue from continuing operations was RMB723 million, a decrease of 19.1% compared to the same period last year [22] - Gross profit margin increased by 0.3 percentage points year-on-year to 37.7% [23][30] Business Line Data and Key Metrics Changes - Revenue from digital banking decreased by 37.6% year-on-year, accounting for 22.3% of total revenue [29] - Revenue from digital insurance decreased by 25.3% year-on-year, making up 18.2% of total revenue [29] - Gamma Platform segment accounted for 59.4% of total revenue, decreasing by 6.2% in Q1 2024 [29] Market Data and Key Metrics Changes - Revenue contribution from overseas customers increased by approximately 14.8% year-on-year, with overseas customer revenue making up 20% of third-party revenue [16] - Business growth in regions such as Hong Kong, Southeast Asia, South Africa, and the Middle East showed strong momentum [16] Company Strategy and Development Direction - The company is focusing on broadening customer engagements and optimizing products and services around digital banking, digital insurance, and the Gamma platform [10][11] - The strategy includes enhancing cooperation with financial regulators and expanding into international markets [11] - The company aims to leverage technology to empower financial institutions and improve operational efficiency [20] Management Comments on Operating Environment and Future Outlook - Management noted that the financial industry is facing challenges but emphasized the importance of digital transformation for future opportunities [38] - The company expects to achieve profitability in the medium term by focusing on improving third-party revenue and enhancing gross margins [32] Other Important Information - The company completed the disposal of its virtual banking business for HKD933 million, which is expected to provide additional working capital [22][36] - The company released its 2023 ESG report, highlighting its commitment to sustainable practices and financial technology empowerment [17][18] Q&A Session Summary Question: What is the reason behind the termination of Ping An Insurance Group on the Gamma Platform? - The change is due to a shift in procurement strategy by the customer, and the company is in negotiations to ensure a smooth transition [35] Question: When can we expect benefits from the recurring premium insurance in the digital insurance business? - The insurance industry is under pressure, but digital transformation remains a priority, which could create new opportunities for the company [38] Question: What is the growth driver for the Gamma Platform? - The Gamma Platform has high customer stickiness, and future growth will leverage technology strengths and explore new opportunities [40] Question: What is the profit margin of the cloud business? - The cloud business has been relatively stable and profitable, contributing about 30% to overall revenue [42]

Exhibit 99.1 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | 壹 账 通 金 融 科 技 有 限 公 司ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (Incorporated in the Cayman Islands with limited liability)Stock Code : 6638 NYSE: OCFT | | | | | | Annual Report 2023 | | Contents Corporate Information 2 Financial Performance Highlights 4 Chairman's Statement 7 Management Disc ...

SHENZHEN, China, April 23, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service provider for financial institutions in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 23, 2024 U.S. Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financ ...

Table of Contents OCFT 6638 The New York Stock Exchange The Stock Exchange of Hong Kong Limited UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12 (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q4 2023 Earnings Call Transcript March 18, 2024 8:00 AM ET Company Participants Rick Chan - Head of IR Shen Chong Feng - Chairman and CEO Luo Yongtao - CFO Li Jie - CTO Conference Call Participants Lydia Lin - Morgan Stanley Yixuan Li - Guotai Junan Operator Ladies and gentlemen, thank you for standing by, and welcome to OneConnect's Fourth Quarter and Full Year 2023 Earnings Call. [Operator Instructions]. Please note this event is being recorded. Now I ...