Financial Performance - The company maintained an industry-leading position with high daily transaction frequency, peaking at 56.9 million transactions in 1H24[9], although this was slightly lower than the 57.5 million in 2H23[9] - The company's fee rate was 12.3 bps in 1H24[11] - The company's overall gross profit margin increased to 19.0% in 1H24 from 17.7% in 1H23[17] - Net profit rebounded to RMB 30.4 million in 1H24, compared to a loss of RMB 20.2 million in 2H23[16] Revenue and Cost Structure - Revenue decreased to RMB 1,577.719 million in 1H24 from RMB 2,062.235 million in 1H23[57] - GPV decreased to RMB 1,166.2 billion in 1H24 from RMB 1,419.2 billion in 1H23[26] - Selling and administrative expenses decreased by 11.2% year-over-year to RMB 208.0 million in 1H24[13] from RMB 234.2 million in 1H23[13] - Non-payment business contributed 69.1% of total gross profit in 1H24, up from 52.6% in 1H23[17] Business Development and Strategy - In-store e-commerce services saw a 35% year-on-year growth of stores served, reaching over 18,000[47] - GPV in Singapore grew over 50% year-on-year[44] - Automated customer servicing rate raised to 80%[52]

09923.HK www.yeahka.com Investor Presentation 2024 March Legal Disclaimer 2 • This document has been prepared by YEAHKA LIMITED (the "Company" or "us") for a limited number of recipients and for information purposes only and not for public dissemination. You and your directors, officers, employees, agents and affiliates must hold this document and any oral information provided in connection with this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other per ...

2024 Full Year Investor Presentation M a r 2 0 2 5 1 Legal Disclaimer 2 • This document has been prepared by YEAHKA LIMITED (the "Company" or "us") for a limited number of recipients and for information purposes only and not for public dissemination. You and your directors, officers, employees, agents and affiliates must hold this document and any oral information provided in connection with this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other person, ...

Core Insights - The prepaid system is becoming an important payment method in modern business, providing convenience for consumers and advantages for merchants [1][11]. Group 1: Basic Concept - The prepaid system allows consumers to pay a certain amount before consumption, which is then deducted during subsequent purchases. This method is common in various industries such as dining, entertainment, and retail [2]. Group 2: Enhancing Consumer Experience - The prepaid system simplifies the payment process, saving time and increasing convenience for consumers. Additionally, it often includes promotional offers like cashback and discounts, attracting more customers [3]. Group 3: Strengthening Customer Loyalty - Merchants can enhance customer loyalty through the prepaid system, as consumers are more likely to return for further purchases after preloading funds. This model increases customer retention and emotional connection to the brand [4]. Group 4: Financial Liquidity Management - The prepaid system improves cash flow for merchants by providing immediate cash upon consumer recharge, which can be utilized for other investments or operational expenses, enhancing overall financial efficiency [6]. Group 5: Reducing Payment Risks - By collecting payments in advance, the prepaid system lowers payment risks for merchants, such as credit card fraud and payment failures, ensuring revenue security and minimizing potential losses [5]. Group 6: Data Analysis and User Profiling - The prepaid system offers merchants valuable data analysis opportunities, allowing them to understand consumer preferences and behaviors better, which can inform targeted marketing strategies and optimize product offerings [9]. Group 7: Diverse Application Scenarios - The prepaid system is widely applicable across various sectors, including emerging industries like online education and fitness, where users pay in advance for services, showcasing its flexibility [10]. Group 8: Ongoing Market Trends - The prepaid system is expected to continue evolving with changing consumer habits and technological advancements, as more merchants recognize its benefits and explore its implementation through digital payment methods [11].

Group 1: Cross-Border Payment Strategies - The company plans to apply for payment licenses in relevant regions and optimize solutions for overseas markets, targeting Chinese enterprises and local merchants [1][3][4] - In 2024, the company achieved a cumulative payment service transaction volume exceeding 20 trillion RMB, with nearly 15,000 merchants enabled for digital RMB services [2][4] - The company has deep cooperation with six major international credit card organizations, expanding its foreign currency acceptance network to 331 cities and 12 key industries [2][6] Group 2: AI and Digital Transformation - The company is focusing on AI-driven solutions to enhance merchant operations, including the development of AI marketing tools to assist small and medium-sized merchants [5][10] - Three AI agents have been launched, focusing on merchant review, compliance anti-money laundering, and customer service [5][10] - The company aims to leverage AI technology to improve operational efficiency and provide additional value to merchants and banking clients [7][10] Group 3: Financial Performance and Growth - In Q1 2025, the company reported total revenue of 1.896 billion RMB, a year-on-year increase of 8.92%, and a net profit of 311 million RMB, marking a historical high with a growth of 25.16% [7][13] - The overseas sales revenue reached 2.253 billion RMB in 2024, with a year-on-year growth of 18.70%, and overseas business income accounted for nearly 75% of the group’s total revenue [4][7] Group 4: Digital Identity and Security - The company is committed to building a secure digital identity system, integrating personal information protection and data interoperability [11][12] - It has developed a series of applications and solutions for trusted digital identity, successfully deployed in various cities and industries [11][12]

Core Insights - The global tourism market is recovering, leading to an increase in outbound travel among Chinese cardholders during the 2025 May Day holiday [1][6] - Visa's "Tap to Pay" payment method is gaining popularity, with transaction amounts increasing by over 10% compared to the previous year [2][9] - There is a notable shift towards experiential travel, with dining expenditures rising significantly during the holiday [9] Group 1: Outbound Travel Trends - The number of outbound trips by Chinese residents reached 5.778 million during the 2025 May Day holiday, a 21.2% increase year-on-year [6] - The top five travel destinations for Chinese cardholders were the United States, Japan, Australia, the United Kingdom, and Hong Kong, with Hong Kong entering the top five for the first time [6][10] - Emerging destinations like Egypt and Brazil saw transaction amounts increase by over 50%, while Georgia experienced a transaction growth of over 100% due to its appealing offerings [8] Group 2: Payment Method Evolution - "Tap to Pay" is becoming a mainstream payment method, enhancing the consumer experience with its efficiency and security [2][4] - Visa has implemented "Tap to Pay" in over 800 cities globally, improving public transportation experiences for travelers [4] - The demand for efficient payment methods is particularly strong in high-frequency spending areas such as dining and transportation [2] Group 3: Consumer Preferences - There is a growing emphasis on experiential consumption among Chinese tourists, with dining transactions increasing during the holiday [9] - Different destinations reflect varying consumer preferences, with luxury goods purchases being prominent in the U.S. and Europe, while Japan remains a shopping hotspot [10] - Visa provides a range of travel benefits to cardholders, enhancing the overall travel experience [10]

Summary of Marketa Fireside Chat Company Overview - **Company**: Marketa - **Industry**: Payments and IT services Key Points and Arguments 1. **Current State of the Company**: Marketa is transitioning from hyper growth to a more mature phase, now operating EBITDA positive with diversified business lines [4][5][6] 2. **Portfolio Migration**: The company is migrating portfolios from other platforms to its modern platform, which is expected to enhance future business opportunities [5][8] 3. **White Label App Development**: Marketa is building a white label app to assist customers in market entry, indicating a focus on user experience [5][6] 4. **Program Management in Europe**: The company has expanded its offerings in Europe, which are now more comprehensive than a year ago [6][9] 5. **Customer Base Expansion**: Existing customers are expanding their offerings and geographies, with eight out of the top ten customers having multiple programs with Marketa [12][13] 6. **Macro Environment**: The macroeconomic environment is stable, with healthy consumer spending, although Marketa acknowledges some exposure to economic cycles [17][20] 7. **Discretionary Spending**: Less than 25% of spending on Marketa's platform is in high discretionary categories, making it less exposed to economic downturns compared to peers [20][21] 8. **Non-Block Business Growth**: The non-Block business has been growing at twice the rate of the Block business, indicating strong performance outside of its largest customer [23][24] 9. **European Market Growth**: TPV in Europe has been growing over 100% for several quarters, with a focus on multinational customers [27][29] 10. **Regulatory Environment**: The onboarding process has improved, with no significant impacts from regulatory changes, allowing for faster execution [32][33] 11. **Competitive Landscape**: Marketa does not see a significant shift in competition, as it targets a wide range of use cases and primarily focuses on non-bank businesses [38][39] 12. **RFP Process**: The company continues to engage in both RFPs and referrals, with no significant changes in the sourcing process [41][42] 13. **Stablecoin and BNPL Demand**: Marketa sees opportunities in stablecoin and BNPL markets, with growing interest from customers [44][48] 14. **Tokenization and AI**: The company is well-positioned to support tokenization and AI-driven commerce, leveraging existing capabilities [51][52] 15. **Future Growth Trajectory**: Marketa aims for a sustainable growth trajectory of around 20%, driven by geographic diversification and additional service offerings [69][70] Other Important Insights - **CEO Search**: The search for a permanent CEO is ongoing, with no immediate updates, allowing the interim CEO to focus on business operations [73][75] - **Customer Relationships**: The company is enhancing its relationships with existing customers by offering additional services, which is expected to stabilize take rates [64][66]

Financial Data and Key Metrics Changes - The company reported organic revenue growth of 5% for Q1 2025, driven by strong growth from existing customers and new product initiatives [6][20] - Adjusted EBITDA was $95 million, down from $112 million in the same quarter last year, reflecting a flat performance when normalizing for inorganic impacts [6][20] - Revenue declined by 4% to $401 million on a reported basis, but increased 5% organically when excluding inorganic headwinds from FX, interest, and divestiture [20][21] - Adjusted EBITDA margin was 23.7%, slightly ahead of expectations due to the timing of certain cost items [21] Business Line Data and Key Metrics Changes - Merchant Solutions volume increased by 11% to $34.3 billion, with organic revenue growth of 6% [25] - Digital Wallet segment saw a volume increase of 5% to $5.9 billion, with revenue from digital wallets at $187.6 million, reflecting a 3% organic growth [26] - The enterprise side of the sales organization signed over 100 enterprise-level contracts in Q1, with strong growth in gaming and e-commerce [7][14] Market Data and Key Metrics Changes - E-commerce growth was strong at 31% for Q1, with processing growth in iGaming up over 50% year over year [14] - The company anticipates that the Latin American market will contribute to mid to upper single-digit growth in Q1, with expectations for low double-digit growth as the year progresses [81] Company Strategy and Development Direction - The company is focusing on expanding its PaySafe wallet platform to unlock geographic expansion and market to new consumer groups [9] - New partnerships, such as with Fiserv and Tilde, are aimed at enhancing product offerings and driving growth in both SMB and enterprise segments [18][19] - The strategy includes a shift towards direct sales in the SMB space to improve margins and balance the sales approach between direct and ISO channels [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in accelerating growth in the second half of the year, driven by existing contracts and new product initiatives [8][30] - The company remains mindful of macroeconomic dynamics but is optimistic about achieving full-year guidance [28][29] - Management noted that while attrition in SMB has been slightly higher than expected, they anticipate improvements as new tools for relationship management are implemented [29] Other Important Information - The company generated $57 million in unlevered free cash flow for the quarter, reflecting a 60% conversion of adjusted EBITDA [22] - Total debt at the end of the quarter was just under $2.4 billion, with net leverage increasing slightly to 4.9 times [27] - The company repurchased 613,000 shares during Q1 and an additional 693,000 shares in April, returning approximately $20 million to shareholders year to date [28] Q&A Session Summary Question: Visibility on Sales Pipeline and Guidance - Management indicated strong visibility in the sales pipeline, with a robust quarter in enterprise sales and improved SMB sales in April [35][38] Question: Expectations for Q2 EBITDA Margin - Management expects Q2 EBITDA margin to be similar to Q1, with an increase in the second half of the year, potentially reaching 28% to 30% in Q4 [39][40] Question: E-commerce Mix and iGaming Strategy - E-commerce currently represents about a quarter of the merchant segment revenue, with iGaming being a significant vertical [44][45] Question: SMB Strategy and Market Share - The company is focusing on building its SMB direct sales channel to improve margins and is optimistic about growth prospects in this area [56][58] Question: Clover Partnership and Product Offerings - Management confirmed that they are expanding product offerings through the Clover partnership, including digital wallets and capital solutions for SMBs [68][69] Question: Commission Structures and Unit Economics - The commission structures differ significantly between ISO and direct channels, with direct sales having shorter-term residuals, which should benefit margins over time [72][74] Question: Growth from New Products - Management expressed confidence in achieving growth from new products, citing strong sales performance and new product launches like the Pago Effectivo wallet [78][80]

Financial Data and Key Metrics Changes - The company reported a revenue decline of 4% to $401 million, but organic revenue increased by 5% when excluding inorganic impacts from foreign exchange, interest, and divestiture [17][18] - Adjusted EBITDA was $95.2 million with an adjusted EBITDA margin of 23.7%, slightly ahead of expectations [18] - Unlevered free cash flow generated was $57 million, reflecting a 60% conversion of adjusted EBITDA [19] Business Line Data and Key Metrics Changes - Merchant Solutions volume increased by 11% to $34.3 billion, resulting in organic revenue growth of 6% [21] - Digital Wallet segment revenue was $187.6 million, a 3% organic increase, with volume rising by 5% to $5.9 billion [22] Market Data and Key Metrics Changes - E-commerce growth was strong at 31% for the first quarter, with processing growth in iGaming exceeding 50% year over year [11] - The company anticipates that the e-commerce transaction value in Peru will grow at a 12% CAGR, reaching $29 billion by 2030 [9] Company Strategy and Development Direction - The company is focusing on expanding its PaySafe wallet platform to unlock geographic expansion and target new consumer groups [6] - New partnerships, such as with Fiserv and Tilde, are aimed at enhancing product offerings and driving growth in both SMB and enterprise segments [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in accelerating growth in the second half of the year, driven by existing contracts and new product initiatives [5][30] - The company remains mindful of macroeconomic dynamics but is optimistic about achieving full-year guidance [25][26] Other Important Information - The company repurchased 613,000 shares in the first quarter and an additional 693,000 shares in April, returning approximately $20 million to shareholders year to date [24][25] - Total debt at the end of the quarter was just under $2.4 billion, with net leverage slightly increasing to 4.9 times [23][24] Q&A Session Summary Question: How much of the sales pipeline is booked but not yet live? - Management indicated strong visibility in the sales pipeline, with a robust quarter and strong enterprise sales, particularly in April [32][36] Question: Expectations for Q2 EBITDA margin? - The expectation is that Q2 EBITDA margin will be similar to Q1, with improvements anticipated in the second half of the year [38][39] Question: Update on e-commerce mix within the merchant segment? - E-commerce currently represents about a quarter of the merchant segment on a revenue basis, with iGaming being a significant contributor [42][45] Question: Strategy for the SMB side of the business? - The company is focusing on building a direct sales approach for SMBs to improve margins and has seen positive results in recent months [51][57] Question: Details on Clover partnership and additional offerings? - The company is expanding its product offerings through the Clover partnership, including a digital wallet for Clover customers [65][66] Question: Insights on commission structures between direct and indirect sales? - The commission structures differ significantly, with direct sales having shorter-term residuals compared to the ISO channel [67][70] Question: Conviction for growth from new products? - Management highlighted strong sales performance and new product launches, such as the Pago Effectivo wallet, as key drivers for growth [75][77]

Group 1 - The company Yabo Technology Holdings (08279) announced that its indirect wholly-owned subsidiary, Macau Tong, is a leading payment service provider in the Macau Special Administrative Region of the People's Republic of China [1] - Macau Tong aims to publish its unaudited financial statements for the first quarter of 2025 in the Macau Government Gazette around May 14, 2025 [1] - For the three months ending March 31, 2025, Macau Tong reported total revenue of approximately 95.455 million Macau Patacas (or about 92.677 million Hong Kong Dollars) and total expenses of approximately 94.318 million Macau Patacas (or about 91.573 million Hong Kong Dollars) [1] Group 2 - The company Ant Bank (Macau) Limited, an indirect non-wholly owned subsidiary, is a licensed commercial bank in Macau primarily engaged in digital banking and electronic payment services [2] - Ant Bank (Macau) plans to publish its unaudited financial statements for the first quarter of 2025 in the Macau Government Gazette around May 14, 2025 [2] - For the three months ending March 31, 2025, Ant Bank (Macau) reported total revenue of approximately 33.386 million Macau Patacas (or about 32.414 million Hong Kong Dollars) and total expenses of approximately 40.537 million Macau Patacas (or about 39.357 million Hong Kong Dollars) [2]