警告 深 圳 市 新 國 都 股 份 有 限 公 司 （ 於中華人民共和國註冊成立的股份有限公司） 的申請版本 香港聯合交易所有限公司及證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本申請版本全部或任何部分內容而產生或依 賴該等內容而引致的任何損失承擔任何責任。 XGD INC. 倘 在 適 當 時候 向 香 港 公 眾 人 士 提出 要 約 或 邀 請 ， 有 意投 資 者 務 請 僅 依 據 送呈 香 港 公 司 註 冊 處 處 長 登 記的 本 公 司 招 股 章 程 作出 投 資 決 定 ， 招 股 章程 的 文 本 將 於 發 售 期內 向 公 眾 人 士 派 發。 (a) 本文 件 僅為 向香 港 公眾 人 士提 供有 關 本公 司的 資 料， 概 無任 何其 他 目的 。投 資 者不 應 根據本文件所載資料作出投資決定； (b) 在聯 交 所網 站登 載 本文 件 或任 何補 充 、修 訂或 更 換附 頁 ，並 不會 引 致本 公司 、 其各 自 保薦 人 、整 體協 調 人、 顧 問或 承銷 團 成員 須於 香 港或 任 何其 他司 ...

Core Viewpoint - New Guodu plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and diversify financing channels amid increasing competition in the domestic payment market [2][5][6] Company Strategy - The primary goal of the H-share issuance is to deepen the company's global strategy, accelerate overseas business expansion, and enhance international market competitiveness [5][7] - New Guodu's business includes payment services, digital scene services, electronic payment products, and auditing services, with its subsidiary, Jialian Payment, being a well-known acquirer in China [5][6] Market Context - The domestic third-party payment market is becoming saturated, leading to increased competition and declining profit margins, prompting many payment institutions to seek growth opportunities overseas [9][11] - New Guodu's recent half-year report shows a revenue of 1.527 billion yuan, a year-on-year decrease of 3.17%, and a net profit of 275 million yuan, down 38.61% [9][10] Performance Challenges - The decline in net profit is attributed to decreased revenue and gross margins from acquiring and value-added services, influenced by strategies to expand new merchants [9][10] - The core payment business faces stagnation, increased cost pressures, and significant profit shrinkage, indicating a lack of new growth engines [10][11] International Expansion - New Guodu's international strategy has shown promise, with significant growth in its cross-border payment brand PayKKa, and a 22.02% year-on-year increase in overseas sales of electronic payment devices [10][11] - However, the contribution of overseas sales to overall revenue remains limited, and new business expansions are still in exploratory stages [10][11] Challenges in Overseas Market - Expanding into overseas markets presents challenges such as building local teams, navigating complex regulatory environments, and enhancing global resource allocation capabilities [11][12] - Analysts emphasize that success in international markets requires strong operational capabilities beyond just capital operations [12][13] Market Sentiment - Following the announcement of the H-share issuance and half-year report, New Guodu's stock price remained stable around 33 yuan, indicating market confidence in the company's strategic move [14]