NEWLAND(SZ:000997) news flash·2025-07-01 09:16Core Viewpoint - The establishment of NovaPay US Inc. by Hong Kong Xingyi Payment Co., Ltd. aims to enhance the global layout of cross-border business and improve compliance capabilities in international markets [1] Group 1: Company Actions - The company’s wholly-owned subsidiary, Hong Kong Xingyi Payment Co., Ltd., has set up NovaPay US Inc. with a registered capital of 1 USD [1] - NovaPay US Inc. has obtained the MSB license granted by the US FinCEN, allowing it to engage in currency exchange and international remittance services [1] Group 2: Strategic Intent - The establishment of the subsidiary and the acquisition of the license are aligned with the company's overall strategic planning and long-term development needs [1] - The move is intended to integrate domestic and international resources and advantages [1]