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Brief introduction of Shenzhen Kuaifutong Financial Network Technology Service Co., Ltd.

Shenzhen Kuaifutong Financial Network Technology Service Co., Ltd. (hereinafter referred to as "Kuaifutong Company") was established in September 2009. The original investor is the financial network under the Shenzhen Financial Electronic Settlement Center. The business scope covers the supporting services of bank card acquiring business and card issuing business, including the technical development and sales of POS equipment and related application software and related equipment, the development and sales of bank card automatic authorization application system and related technologies, the technical development of magnetic card and smart card products and network systems, and the provision of e-commerce technology, service platform and related supporting services.

As the first financial electronic settlement center under the direct leadership of the People's Bank of China, Shenzhen Financial Electronic Settlement Center has long been responsible for the construction, operation and maintenance of domestic payment and settlement systems, as well as inter-bank payment and settlement services in Shenzhen, Shenzhen, Hong Kong and Shenzhen. At present, various systems of the settlement center handle more than 40 million transactions annually, with an annual settlement fund of 70 trillion yuan; In 2000, more than 2 million Hong Kong dollar bills were exchanged in Shenzhen and Hong Kong, and HK$ 230 billion was settled in Shenzhen and Hong Kong. In 2000, there were 6.5438+0.4 million US dollar bill transactions between Shenzhen and Hong Kong, with an annual liquidation fund of 3.2 billion US dollars, ranking second only to Beijing and Shanghai among domestic cities. In recent years, in order to adapt to the development and changes of domestic payment and settlement system and business model, and expand the service field and development space, the settlement center has actively promoted the extension of payment and settlement services from banks to clients and industry applications. The industry payment and settlement service platform developed and operated by the affiliated financial network center provides enterprises and institutions with many services such as collection and payment, fund investment, bank financing, credit card receipt, credit card repayment, account verification and so on. Among them, centralized collection and payment business solved the trouble of direct connection between collection and payment units and many banks, and realized it.

Based on the above-mentioned service functions and business foundation of the settlement center, combined with the recent rapid development of third-party payment business and the increasingly perfect supervision conditions, the settlement center has carried out platform planning and business integration of electronic payment industry applications, and plans to build an e-commerce platform with comprehensive electronic payment as the core and direct investment of funds, logistics transaction and financing, stored-value card issuance and other industry applications as the business direction. It is also determined that the company is the main body of e-commerce platform construction and operation, and integrates the third-party payment services that have been carried out and planned in the future into the company, specializing in third-party payment services such as online payment, bank card receipt and prepaid card issuance acceptance. I hope to give full play to the unique reputation advantage of the settlement center and the deep cooperation relationship with banks, establish fast and safe online payment channels, and establish its own advantages in specific fields such as B2B and SME financing services; At the same time, give play to the business foundation and functional role in the clearing, coordination and marketing of card business, actively carry out prepaid card issuance and bank card acquiring business, and expand the application of electronic payment in urban people's livelihood and public services.

At present, in order to meet the qualification requirements of the Central Bank's Measures for the Administration of Payment by Non-financial Institutions, Kuaifutong Company has adjusted and improved its corporate governance structure, and further enriched its capital strength by attracting investment, increasing capital and shares. At present, the investment shareholders have been changed and adjusted to Jin Nuo New Town, United Financial Group, United Financial Guarantee, Gold Investment Company, etc. There is a settlement center, and the registered capital has increased to 6,543.8 billion yuan. We are communicating with relevant administrative departments, and are working hard to organize the qualification declaration of third-party payment institutions and strive to obtain the first batch of national third-party payment business licenses approved by the People's Bank of China.

20 1 1 In May, Shenzhen Kuaifutong Financial Network Technology Service Co., Ltd., a subsidiary of Shenzhen Financial Electronic Settlement Center, obtained the first batch of Payment Business Licenses issued by the People's Bank of China, and was allowed to engage in online payment and financial product trading services, centralized payment and small convenient payment services, B2B payment and financing promotion services.

The acquisition of "Payment Business License" indicates that the company has embarked on a new starting point and journey in the field of third-party payment. Under the supervision of Shenzhen Central Sub-branch of the People's Bank of China, Kuaifutong Company will gradually establish a perfect basic e-commerce service system based on payment gateway and payment system, with e-payment as the means, e-commerce as the carrier and third-party payment as the main business direction, so as to improve the overall service level and accelerate the development of financial outsourcing services in the direction of deepening and electronicization.