The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Yusys Technologies Co., Ltd. 北京宇信科技集團股份有限公司 (the "Company") (A joint stock company incorporated in the People's Rep ...

Core Insights - WeBank, China's first digital bank, and its subsidiary WeBank Technology made their debut at the Hong Kong FinTech Week x StartmeupHK Festival 2025, marking a new phase in their international development [1][3] - The event attracted over 37,000 participants from more than 100 economies, showcasing the significance of the fintech sector [3] Group 1: WeBank's Innovations and Achievements - WeBank highlighted its leading achievements in technological innovation and inclusive finance practices, showcasing its distributed core system and AI-native applications [3][4] - The bank has served over 430 million individual customers and has facilitated loans for more than 6 million small and micro enterprises [3][4] Group 2: AI Integration and Future Plans - WeBank is transitioning towards becoming an AI-native bank, with over 100 AI application scenarios and more than 700 agents deployed, enhancing organizational efficiency [4] - The bank's vice president emphasized the importance of AI in transforming financial services, aiming for smarter and more inclusive solutions [4] Group 3: International Expansion and Strategic Goals - WeBank Technology aims to establish its Hong Kong headquarters as a global sales and innovation center, leveraging the vibrant business environment to enhance local financial digitalization [4][6] - The company has expanded into markets such as Indonesia, Malaysia, and Thailand, negotiating with over 20 partner institutions and achieving cooperation intentions exceeding hundreds of millions of dollars [4][6]

Group 1: Business Performance - Financial technology software revenue reached over 2.6 billion RMB, with a year-on-year growth of 36.06% for state-owned banks and joint-stock banks [6][8] - Total signed contracts with state-owned banks and joint-stock banks amounted to over 3.2 billion RMB, reflecting a year-on-year increase of 26.28% [8] - The top ten clients' signed contracts totaled over 16 billion RMB, showing a year-on-year growth of 17.79% [8] Group 2: Industry Leadership and Standards - The company ranks No.1 in core business, channel management, and open banking within the financial technology sector [4] - It has published 76 standards and is currently developing 109 additional standards [4] - The company has been selected for the central bank's "Leader" program for four consecutive years [4] Group 3: Product Solutions and Innovations - Key projects include the signing of a new generation core system and customer information management system, enhancing operational efficiency [18][36] - The company has developed an intelligent risk control system and various credit management platforms, optimizing banking processes [22][30] - AI-driven solutions have been implemented across multiple banking projects, significantly improving data-driven decision-making [38] Group 4: Security and Infrastructure - The company emphasizes the importance of security and business continuity, utilizing distributed technology to support banking operations [18] - A flexible and scalable distributed technology architecture has been established to enhance service delivery [36] - The company has developed a comprehensive microservices platform to support various banking applications [35]

Group 1 - The securities IT sector experienced a sudden downturn, with major companies like Dazhihui hitting the limit down, indicating a significant market reaction [1][3] - Dazhihui reported a non-recurring net loss of over 30 million in Q1 and a total loss of 200 million for the previous year, highlighting severe cash flow issues and dependency on traditional systems [3] - The restructuring with Xiangcai Securities is stalled at the regulatory approval stage, raising concerns about the company's future [3] Group 2 - The overall sector adjustment is influenced by recent policy changes, including the CSRC's push for domestic alternatives by 2027, which negatively impacts companies reliant on traditional systems [3] - Major brokerage firms have reduced IT investments for two consecutive years, affecting order volumes for securities IT companies [3] - Leading companies like Hengsheng Electronics and Jinzhen Co. have begun to invest in innovative technologies such as AI and domestic alternatives, positioning themselves for future growth [4] Group 3 - Companies with strong fundamentals, such as Tonghuashun, reported a 17% revenue increase and a 30% profit rise, showcasing better cash flow and risk resilience [4] - The financial technology sector continues to receive policy support, particularly in blockchain standards for regional equity markets, creating new opportunities [4] - The securities IT industry is characterized by volatility, but the ongoing digital transformation trend suggests that opportunities lie within companies that effectively monetize technology [4]