Core Viewpoint - The announcement highlights a strategic partnership between Yabo Technology Holdings and Alipay (Hangzhou) to enhance digital payment solutions in mainland China and Macau through the "Tap to Pay" service [1] Group 1: Partnership Details - Yabo Technology Holdings entered a framework agreement with Alipay (Hangzhou) on December 12, 2025, allowing both companies to establish specific execution agreements for the "Tap to Pay" service [1] - The agreement is effective until March 31, 2027, indicating a long-term collaboration [1] Group 2: Strategic Benefits - The board believes that this partnership will foster closer cooperation between Yabo and Alipay, leveraging Alipay's extensive ecosystem and expertise to accelerate the rollout of "Tap to Pay" devices [1] - The "Tap to Pay" devices enable consumers to complete payments by simply tapping their smartphones, eliminating the need for QR code scanning, thus enhancing user convenience [1] Group 3: Market Positioning - By actively promoting the "Tap to Pay" devices, Yabo expects to generate service fee income from the collaboration while strengthening its strategic position in the market [1] - The partnership aligns with the growing market demand for efficient, seamless, and contactless payment solutions, reinforcing Yabo's standing in the digital payment sector [1]

Core Viewpoint - The announcement highlights a strategic partnership between Yabo Technology Holdings and Alipay (Hangzhou) to enhance digital payment solutions in mainland China and Macau through the "Tap to Pay" service [1] Group 1: Partnership Details - Yabo Technology Holdings entered a framework agreement with Alipay (Hangzhou) on December 12, 2025, allowing both companies to establish specific execution agreements for the "Tap to Pay" service [1] - The partnership is set to last until March 31, 2027, promoting closer collaboration between the two companies [1] Group 2: Service Features and Market Position - The "Tap to Pay" service enables consumers to complete payments by simply tapping their smartphones, eliminating the need to scan QR codes [1] - The service also supports "Tap to Order" functionality, enhancing user convenience [1] - By promoting these payment devices, the company anticipates generating service fee revenue and strengthening its market position in digital payments [1] Group 3: Strategic Implications - The collaboration is expected to improve payment convenience for end-users and align with the growing market demand for efficient, seamless, and contactless payment solutions [1] - The partnership leverages Alipay's extensive ecosystem and expertise to accelerate the rollout of contactless payment technology [1]