Group 1: Market Dynamics and Company Positioning - Stablecoins are innovative financial tools that combine traditional asset values with blockchain technology, offering strong stability and potential for cross-border payment systems [3] - The rapid introduction of the Hong Kong Stablecoin Regulation enhances the role of stablecoins in global settlement networks and increases demand across various business scenarios, including issuance, custody, operation, redemption, regulation, compliance, cross-border payments, supply chain finance, and cross-currency exchanges [3] - The company is a leading digital technology and financial services provider in China, with substantial technical expertise in blockchain, privacy computing, and smart contracts, and is actively exploring related business opportunities [3] Group 2: Q&A Highlights - The company has established a mature technical team in the stablecoin sector and plans to enhance communication with clients to explore application opportunities in various business scenarios [3] - Stablecoins are expected to address pain points in the traditional SWIFT-based cross-border payment system, such as high remittance costs and uncertain transaction times, offering better efficiency and lower transaction costs [3] - The company has built a comprehensive client matrix centered on the banking sector, covering insurance, securities, trusts, and funds, and aims to deepen cooperation with both financial and non-financial institutions to expand its business [3] Group 3: Event Details - The investor relations activity took place on June 4, 2025, in Beijing, in the form of an online meeting [2] - Participants included representatives from various securities firms and investment funds, with the company being represented by Chairman Fei Zhenyong and Secretary of the Board Wang Xiao [2] - The event did not involve the disclosure of any significant information [3]