Brilliance Technology (300542)2023-12-13 09:05Business Overview - Trade finance settlement system is a core product in the financial industry, covering international settlement, foreign exchange, and supply chain finance [1] - The system is widely used in large state-owned banks, joint-stock banks, and rural commercial banks [1] - The company has adopted a model-driven architecture design to meet different bank customers' technical requirements [1] Strategic Partnerships - The company is a gold-level sales partner of Huawei's Kunpeng servers and has adapted to the HarmonyOS system in mobile client projects [2] - Close cooperation with Huawei exists in multiple product lines including data communication, storage, and security [2] - Potential business opportunities are being explored in Kunpeng all-in-one machines and HarmonyOS systems [2] International Expansion - The company has connected with CIPS and SWIFT cross-border payment systems and serves multiple banks [3] - Subsidiary business has been established in Uzbekistan in 2022 [3] - Future plans include actively responding to the Belt and Road initiative and expanding international markets [3] Capital Raising - The private placement aims to adapt to industry trends and achieve strategic development [4] - Total funds raised will not exceed 584.6088 million yuan [4] - Funds will be allocated to four projects: next-gen bank digital platform (270.1747 million yuan), intelligent airport management system (94.7892 million yuan), R&D center construction (74.6449 million yuan), and working capital (145 million yuan) [4] Project Progress - The private placement proposal has been approved by the 11th board of directors' 5th meeting [5] - Further approvals required from shareholders' meeting, Shenzhen Stock Exchange, and CSRC [5] - The company will announce any progress updates promptly [5]