Business Type

The Company has commenced its operation of financial service platforms since 2015. The Group’s financial service platforms initially offer professional financial services in the real estate market. Through the continuous development of such operation, the Group further launched its financial management service platform in 2018 to provide banking and deposit management services. It had operated in compliance with the requirements of the regulatory
department at material time. Besides, such platform has risk control module to prevent corporate customers from duplicate borrowing and to identify fraud and tax payment pattern and development data. In view of the tightening regulatory environment in the PRC in 2019, the Group has put great efforts in consolidating and expanding its internet financial business segments and cooperated with internet small loan companies to develop internet small loan business. Such financial technology service platform has established comprehensive business process and technology system covering customer acquisition, risk identification, risk assessment, loan distribution channel, payment channel and big data analysis through cooperating with Tencent Cloud and other licensed institutions. Business needs of the Group's partners can be fulfilled through quick access to the technologies.

In recent years, the Group has explored ways to utilise resources from its financial business segments to develop loan-related businesses including provision of entrusted loans and other loan services, financial consultation services and finance lease services mainly in the PRC. In respect of the provision of entrusted loans and other loan services, the Group would consider a variety of customers including individuals and corporations by providing secured or unsecured loans. The source of customers may consist of past customers or referrals by third parties. The loans may vary from unsecured and secured loans to customers which had a good standing on their background and income proof which may vary from individual or corporation. The Group would also consider if the past customers or referred potential customers are with good standing on the loan and interest repayment. The source of funds for the provision of entrusted loans and other loan services is funded by the internal resources of the Group.