会议材料 二〇二五年五月 第一创业证券股份有限公司 现场会议召开时间：2025年6月12日13:30 会议地点: 北京市西城区武定侯街6号卓著中心10层会议室 召集人：第一创业证券股份有限公司董事会 现场会议议程： 根据《中华人民共和国公司法》《第一创业证券股份有限公司章 程》等有关规定，公司编制了《第一创业证券股份有限公司 2024 年 度董事会工作报告》（详见附件）。 本议案内容已经公司第五届董事会第四次会议审议通过，现提请 股东大会予以审议。 附件：第一创业证券股份有限公司 2024 年度董事会工作报告 第一创业证券股份有限公司董事会 二〇二五年五月二十三日 附件： 一、表决事项 二、非表决事项 议案 1 关于《公司 2024 年度董事会工作报告》的议案 各位股东： 第一创业证券股份有限公司 会严格遵循《中华人民共和国公司法》 《中华人民共和国证券法》 《证 券公司治理准则》等法律、法规和准则以及《第一创业证券股份有限 公司章程》（以下简称"《公司章程》"）、《第一创业证券股份有 限公司董事会议事规则》的规定和要求，认真履行职责，切实发挥作 用，着力加强董事会建设。现将董事会 2024 年主要工作情况和 ...

Group 1 - Financial technology has made significant progress in recent years, particularly in financial inclusion, utilizing AI to serve communities traditionally underserved by banks, providing services to over 70 million customers across regions like Southeast Asia, South Asia, Latin America, and Africa [1] - The success of fintech's inclusive model relies on technological advancements and extensive data application, enabling better understanding of customer needs through mobile payments and the digital economy [1] - The potential of fintech is highlighted as it addresses gaps in traditional financial services, especially in regions lacking adequate financial infrastructure [1] Group 2 - Financial technology has the potential to innovate financial products and expand market reach, with traditional debt and equity markets covering less than 5% of economic activities, while fintech can capture more opportunities through cash flow-driven hybrid models [2] - The rise of digital platforms in fintech allows for better allocation of investor funds across industries, managed by industry experts, enhancing investment efficiency and lowering barriers for participation [2] - The future of fintech development will focus on systematization and standardization of platforms to better organize investor funds and promote market growth [2] Group 3 - RWA (Real World Assets) technology is seen as a means to achieve financial inclusion and democratization by tokenizing traditional financial products, providing real yield assets for the Web3 world [2] - Despite the enthusiasm for RWA technology, it is still in its early stages, and investors are advised to manage their expectations while fintech companies balance innovation and market expansion for sustainable development [3] - Southeast Asia presents significant investment opportunities in fintech, with a shift in investor sentiment from urgency to a more rational approach as the market matures, particularly in areas like payments and supply chain finance [3]

The stock is down almost 80% from its all-time high, but evidence points to brighter days ahead.The company formerly known as Square but changed its name to Block (XYZ -3.19%) is one of the more interesting companies you'll come across. It was a market darling during the COVID-19 pandemic, known for its merchant-friendly commerce and peer-to-peer payment ecosystems.However, the fintech company has fallen out of favor with the market. Shares now sit nearly 80% below their all-time highs.As painful as the dec ...

科技创新，重塑交易未来！2025年5月16日，全球金融交易领域年度盛会——Followme 2025交易生态峰 会(Followme 2025 Trading Ecosystem Summit)，在香港盛大举行。WeTrade作为峰会冠名赞助商惊艳亮 相，并荣获"最佳跟随体验奖"殊荣(Best CopyTrading Broker) ，成为全场瞩目的焦点。 Followme 2025交易生态峰会，由全球知名的交易社区Followme主办，汇聚着金融行业领袖、国际顶级 机构代表及交易领域创新先锋等齐聚一堂，围绕生态战略升级、金融科技创新应用、实战经验沉淀、前 沿趋势洞察等维度展开深度对话，携手擘画交易生态新图景。 科技创新重构生态，WeTrade App为交易赋能 在峰会上，WeTrade董事Theo先生以"科技赋能，交易无界"为主题发表了演讲，引发了热烈反响。Theo 先生以极具前瞻性的趋势洞察结合WeTrade App现场展示，系统性的向与会嘉宾介绍了WeTrade平台的 优势。 在全球数字化转型加速的背景下，金融科技正成为重塑资本流动与投资生态的核心引擎。WeTrade始终 以技术创新为驱动，持续优化服务 ...

八部门联合印发《支持小微企业融资的若干措施》，从增加融资供给、降低综合融资成本、提高融资效 率等8方面提出23项措施，旨在解决小微企业融资难题。对此，北京工商大学金融系教授、数字金融研 究中心主任张正平表示，在当前这一特定时间点，国家有关部委出台支持小微企业融资的重要政策文 件，且同时发挥监管、货币、财税、产业等各项政策合力，帮助小微企业解决融资难题，具有十分重要 的现实意义。张正平同时指出，对金融机构来讲，要充分利用好数字化工具，发展数字金融，利用金融 科技找好风险和收益的平衡点。(每经) ...

"发展绿色经济是中国和中东欧国家的共同追求，也是双方创新合作的重要组成部分。我们将深化农 业、制造、通信、技术研发等传统领域合作，拓展数字经济、电子商务、金融科技、智慧城市等领域合 作，加大中国-中东欧国家经贸合作示范区、产业园建设力度。"于健龙表示，中国-中东欧国家联合商 会将以共享绿色发展新机遇为导向，引导双方企业加强跨境电商等新业态新模式合作，提升产业链合作 水平，深化绿色经济、清洁能源等领域合作，扩大风能、太阳能等清洁能源联合开发，为中国-中东欧 国家合作增添绿色动能。 主题为"向新向实向未来"的第四届中国—中东欧国家博览会暨国际消费品博览会将于5月22日在宁波开 幕。博览会举办前夕，中国-中东欧国家联合商会宁波会议5月21日下午举行。中国贸促会副会长于健龙 表示，2024年，中国-中东欧国家贸易额达到1423亿美元，创历史新高，同比增长6.3%，呈现出旺盛的 生机活力。中国贸促会将与中东欧国家商协会一道，在中国-中东欧国家联合商会框架下，共同打造一 批品牌对接平台，帮助双方企业积极挖掘新的贸易增长点，拓展汽车、家电等机电产品和优质消费品贸 易，发展装备制造等高附加值产品贸易，合作建设农产品批发市场， ...

值得一提的是，Airwallex正在寻求在英国和美国获得银行牌照，以扩大业务范围至贷款领域。 据英国《金融时报》报道，Airwallex寻求获得英国银行牌照，是因为该地区对金融科技公司有利的市场 条件，以及英国金融行为监管局的监管能力。 据36Kr旗下媒体"暗涌Waves"报道，Airwallex（空中云汇）近日完成3亿美元F轮融资。投资方包括 Square Peg、DST Global、Blackbird、Airtree、Salesforce Ventures等风投机构，还有多家养老基金，Visa Ventures作为战略投资者参与。本轮融资中1.5亿美元为二次股份转让，投后估值62亿美元，较之2022年 的56亿美元估值有所上升。 在5月初，曾有外媒报道称，澳洲风投公司Blackbird计划向Airwallex投资6000万美元。而从最新的报道 来看，Blackbird的投资计划可能是Airwallex F轮融资中的一环。 据移动支付网了解，截至2024年末，Airwallex已为全球超过15万家企业提供服务，客户数量相比去年增 长50%。2025年3月最新数据显示，Airwallex的年化收入超7.2亿 ...

Core Viewpoint - Voobank Inc. is preparing for an IPO in the U.S. through a merger with a SPAC, aiming to enhance its global market presence and become a leading digital bank in the financial technology sector [4][5]. Group 1: Company Overview - Voobank Inc. was established in 2014 in the U.S. and has obtained various financial licenses including MSB in the U.S., VASP in the EU, and TCSP & AR in Hong Kong, with services such as credit card issuance, online payment collection, offshore bank account services, and Web3 wallet asset custody [2]. Group 2: IPO Plans - Since December 20, 2024, Voobank has been actively preparing for its IPO, considering a listing on NASDAQ and potentially utilizing an "OTC listing + transfer" method for efficiency [4]. - The company plans to achieve its market entry strategy through a Reverse Merge combined with PIPE, collaborating with SPACs like Cayson Acquisition Corp [4]. Group 3: Strategic Goals - Post-IPO, Voobank aims to leverage capital operations to accelerate global market expansion, particularly through the acquisition of traditional banks and the integration of new digital financial technologies and products [4]. - The company intends to obtain various financial licenses globally and enhance its compliance framework to ensure stable business growth [4]. Group 4: Market Sentiment - Capital market professionals view Voobank's NASDAQ IPO as a positive development, with Cayson Acquisition Corp expressing that assisting Voobank in capital operations will provide new acquisition opportunities and diversify their business [5]. - Voobank's CEO, Helios, emphasized that the IPO plan and strategic partnership with Cayson Acquisition Corp represent a significant opportunity for expanding global market reach and increasing capital market recognition [5].

Core Viewpoint - Shanghai Fuyou Payment Service Co., Ltd. (Fuyou Payment) is making its third attempt to go public on the Hong Kong Stock Exchange (HKEX) after two previous failures, facing challenges such as increasing revenue without profit growth, declining gross margins, compliance issues, and high dividend payouts [1][2][5]. Group 1: IPO Attempts and Financial Performance - Fuyou Payment submitted its prospectus on May 9, with CICC and Shenwan Hongyuan as joint sponsors [1]. - The company has previously attempted to list on the HKEX in April and November of last year but failed due to not completing hearings within six months, leading to the expiration of its prospectus [2]. - Financial performance shows revenue growth from 1.102 billion RMB in 2022 to an expected 1.634 billion RMB in 2024, while net profit decreased from 147 million RMB in 2022 to an expected 84 million RMB in 2024 [2][3]. Group 2: Revenue and Profitability - Fuyou Payment's revenue for 2022 to 2024 is projected at 1.102 billion RMB, 1.142 billion RMB, 1.506 billion RMB, and 1.634 billion RMB respectively, while net profits are projected at 147 million RMB, 71 million RMB, 93 million RMB, and 84 million RMB [2][3]. - The company is experiencing a state of increasing revenue but decreasing profits, attributed to rising administrative expenses and other losses [2]. Group 3: Gross Margin Trends - The gross margin has declined from 28.4% in 2022 to 25.2% in 2023, with a slight recovery to 25.9% expected in 2024 [3][4]. - The decline in gross margin is due to increased commission rates for partners and competitive pressures leading to reduced service fees [3][4]. Group 4: Dividend Policy and Compliance Issues - Fuyou Payment has faced scrutiny over its high dividend payouts, distributing a total of 365 million RMB in cash dividends from 2021 to 2025, which accounts for 90% of its net profits during that period [5]. - The company has been penalized multiple times for compliance issues, totaling 6.9 million RMB in fines since 2021, with the latest penalties related to foreign exchange regulations [8]. Group 5: Shareholding Structure - The shareholding structure is relatively dispersed, with Fuyou Group holding 61% of Fuyou Payment, while other shareholders hold smaller stakes [6][7]. - The founder, Chen Jian, has significant influence through various holdings, including indirect stakes via Fuyou Group [7].

Group 1 - The China Securities Financial Technology Theme Index (930986) experienced a decline of 0.28% as of May 21, 2025, with mixed performance among constituent stocks [3] - Zhaori Technology (300333) led the gains with an increase of 6.92%, while Lakala (300773) saw the largest decline at 5.71% [3] - The Financial Technology ETF (516860) also fell by 0.33%, with a latest price of 1.19 yuan and a turnover rate of 3.32% [3] Group 2 - Dongxing Securities highlighted strong policy support and emerging demand in new sectors, contributing to the recovery of industry growth [4] - The financial technology sector is expected to benefit from increased IT investments by banks, insurance, and securities firms, driven by the transition to new systems and digital platforms [4] - Cloud technology remains a core investment area for financial institutions, with AI and data utilization expected to enhance operational efficiency [4] Group 3 - The Financial Technology ETF reached a new high of 929 million yuan in size and 778 million shares in circulation [5] - The ETF has seen continuous net inflows over the past four days, totaling 51.75 million yuan, with an average daily net inflow of 12.94 million yuan [5] - The ETF's one-year net value increased by 57.87%, ranking first among comparable funds [5] Group 4 - The Financial Technology ETF has a management fee of 0.50% and a custody fee of 0.10%, which are among the lowest in comparable funds [6] - The ETF's tracking error over the past two years is 0.046%, indicating the highest tracking precision among similar funds [6] - The top ten weighted stocks in the index account for 53.28% of the total, with Tonghuashun (300033) and Dongfang Caifu (300059) being the largest contributors [6][8]