Core Viewpoint - The payment industry is undergoing significant transformation, leading to increased operational challenges for institutions and a more active market for buying and selling [1] Company Summary - China Ruyi (0136.HK) announced the acquisition of a 30% stake in Kuaiqian Financial from Shanghai Wanda Network Financial Services for 240 million yuan, making China Ruyi the largest single shareholder of Kuaiqian Financial [3][6] - The acquisition is expected to create synergies with China Ruyi's existing businesses, including online streaming and gaming services [3] - Kuaiqian Financial's most important asset is Kuaiqian Payment, which was once a leading player in the third-party payment sector but has seen a decline in transaction volume, dropping out of the top twenty in the industry [4][5] - The total valuation of Kuaiqian Payment is estimated at around 800 million yuan, a decrease of approximately 60% from its valuation during Wanda's acquisition in 2014 [6] Industry Summary - The payment industry is facing stricter regulations, making it more challenging for companies to obtain licenses and operate [7] - The core value of Kuaiqian Payment lies in its full payment license and its established merchant resources in key industries such as insurance, aviation, and retail [7] - China Ruyi's revenue for 2024 is reported at 3.671 billion yuan, with a net loss of 207 million yuan, although adjusted net profit increased by 120% year-on-year [8] - Kuaiqian Payment is actively expanding into overseas markets and developing digital RMB services, which may present new opportunities [9]

Group 1 - The core announcement is about China Ruyi's significant equity acquisition plan, where its wholly-owned subsidiary will acquire 30% of Kuaiqian Financial for a total value of RMB 240 million [1] - The payment for the acquisition will be completed in three stages, and after the acquisition, China Ruyi will become the largest single shareholder of Kuaiqian Financial [1] - Kuaiqian Financial holds a strong position in the third-party payment sector, having obtained one of the first third-party payment licenses from the People's Bank of China in 2011 [1][2] Group 2 - Kuaiqian Financial provides comprehensive payment solutions primarily for large and medium-sized enterprises, with a rich merchant resource base across various industries including finance, insurance, travel, retail, and cross-border [1] - The acquisition is expected to expand China Ruyi's business into the third-party payment and fintech sectors, creating synergies with its existing online streaming and gaming services [1] - Post-acquisition, Kuaiqian Financial will not be a subsidiary of China Ruyi but will be treated as an associate company, with its financial performance not consolidated into the group's financial statements [2]

Group 1 - The company announced a conditional agreement to acquire 30% equity in a target company for a cash consideration of RMB 240 million, to be paid in three installments [1] - The target company is a licensed third-party payment institution in China, providing comprehensive payment solutions and actively expanding into overseas markets [1][2] - The acquisition is expected to enhance the company's business expansion into the third-party payment and fintech sectors, contributing to long-term growth and development [2] Group 2 - The target company holds multiple payment business licenses, including internet payment, mobile payment, and cross-border RMB payment, and has established a solid market position and business foundation [2] - The acquisition is anticipated to create synergies with the company's existing businesses, including online streaming and gaming services, as well as its indirect investment in Wanda Film [2] - The target company is one of the first cooperative institutions with the People's Bank of China for digital currency, indicating strong potential for policy alignment and technological innovation [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，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公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失 承擔任何責任。 China Ruyi Holdings Limited 本公司欣然宣佈，近日，本公司的間接全資附屬公司上海儒意星辰企業管理有限公司（「買 方」）、上海萬達網絡金融服務有限公司（「賣方」）及快錢金融服務（ 上海 ）有限公司（「目標公 司」）訂立股權轉讓協議（「協議」）。據此，買方有條件同意受讓而賣方有條件同意轉讓目標 公司30%股權（「收購事項」），現金代價為人民幣240,000,000元，分三期支付。 目標公司於2011年首批獲得中國人民銀行（「央行」）頒發的第三方支付牌照，主要為大中型 企業提供綜合支付解決方案，同時積極佈局海外，發展數字人民幣，推出跨境收付款、全 球收單、跨國人民幣結算、海外購等多種跨境產品，大力拓展跨境業務，為跨境多場景提 供綜合支付解決方案。 中 國 儒 意 控 股 有 限 公 司 （ 於百慕達註冊成立之有限公司） （股份代號：136） 自願公告 收購目標公司的30%股權 本公告由 ...