


Core Viewpoint - Xinhua Xinxin has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities and Daiwa acting as joint sponsors [1] Group 1: Company Overview - Xinhua Xinxin ranks fourth in the Japanese software technology services and solutions market and is the largest service provider from China to the Japanese market [1] - The company primarily offers customized software development services to Japanese clients, along with standardized software products, services, and application hosting [1] Group 2: Client Relationships - As of December 31, 2024, over half of the top thirty companies in Japan's information services industry are long-term clients of Xinhua Xinxin, with collaborations exceeding 15 years with the top five client groups [1] - The core client retention rate of Xinhua Xinxin is 100%, with notable clients including Itochu Group, NEC Corporation, and Hitachi Group, which are leading enterprises in Japan [1]