Core Insights - Cross-border payment is experiencing unprecedented development opportunities due to the acceleration of global economic and cultural exchanges [1][4] - The company, KERUYUN, integrates its "Smart Restaurant Management System" with UnionPay's new "Four-Party Model" to enhance cross-border payment convenience [1][4] - KERUYUN has become an important partner in expanding UnionPay's domestic acceptance ecosystem, serving over one million domestic restaurant merchants [1][2] Group 1 - KERUYUN's innovation extends beyond payment channels, integrating cross-border payment with its SaaS digital management system for the restaurant industry [2] - The company plans to launch "AI Five Intelligent Agents" by October 2025, which will enhance human-machine collaboration and smart upgrades in the restaurant sector [2] - UnionPay has established cross-border QR code interoperability in over 50 countries, creating a payment ecosystem that includes various daily consumption scenarios [4] Group 2 - The new "Four-Party Model" addresses technical standard fragmentation in cross-border payments and integrates "payment + scenario + data + intelligence" for a seamless user experience [4] - KERUYUN aims to continuously optimize its technology architecture and expand application scenarios, contributing to a sustainable global payment ecosystem [4] - The company is committed to promoting Chinese payment standards globally, realizing the vision of "borderless payment" [4]