Core Insights - The 2025 Global Cross-Border E-commerce Trade Expo was held in Hangzhou, where Lianlian Digital was recognized as a "Outstanding Contribution Enterprise" for its significant role in the cross-border payment sector and its contributions to the local e-commerce ecosystem [1][3] Group 1: Company Achievements - Lianlian Digital was awarded for its outstanding performance in cross-border payments and its deep empowerment of the Hangzhou cross-border e-commerce ecosystem [1] - The company has established a strong global payment network, leveraging a wide range of global licenses, proprietary technology platforms, and extensive partnerships [1][2] - As of December 31, 2024, Lianlian Digital holds 65 payment licenses and is the only Chinese digital payment provider with money transfer licenses in all U.S. states [2] Group 2: Local Ecosystem Contribution - Lianlian Digital plays a crucial role in the innovation of systems and models within the Hangzhou Comprehensive Pilot Zone for cross-border e-commerce [3] - The company has actively participated in significant events such as the Global Cross-Border E-commerce Summit and has collaborated with over 20 cities and 30 service providers to enhance the industry chain ecosystem [3] - Through its "Smart Payment" solution, Lianlian Digital has assisted over 5.9 million customers in streamlining compliance processes and reducing costs, thereby enhancing global trade competitiveness [3] Group 3: Future Focus - Following the award, Lianlian Digital aims to continue focusing on new trends and demands in the cross-border e-commerce sector, advancing technology iterations, service expansions, and ecosystem optimization [3]

Core Viewpoint - Lianlian Digital (stock code: 2598) announced a financing plan through the placement of new H-shares, aiming to raise approximately HKD 390 million for various business expansions and innovations in the global payment sector [1] Group 1: Financing Details - The company plans to issue 38,400,000 new H-shares at a price of HKD 10.25 per share, representing a discount of about 10.1% compared to the previous trading day's closing price of HKD 11.40 [1] - The placement price also reflects a discount of approximately 1.7% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for about 3.6% of the existing issued share capital and approximately 3.4% of the enlarged share capital after the completion of the placement [1] Group 2: Use of Proceeds - The net proceeds of approximately HKD 390 million will be allocated towards innovations and applications of blockchain and other technologies in the global payment field, as well as for global business and license expansion, and general corporate purposes [1] - The issuance is conducted under a general authorization granted by the shareholders' meeting and is expected to be completed by July 15, 2025 [1] Group 3: Company Overview - Lianlian Digital primarily engages in providing digital payment services and value-added services, aimed at empowering global trade activities and enhancing the efficiency of capital and information flow [1]