Panda Fireworks Group Co., Ltd. dabbled in small loans.

On April 1 day, 2065438, Panda Fireworks was announced in the evening. After communicating with the relevant authorities, it was originally planned to set up Beijing Yinhu Network Technology Co., Ltd. with a contribution of 20 million yuan from Wanzai Panda Fireworks Co., Ltd., but it was set up with a contribution of/kloc-0.0 million yuan from Panda Capital Management Co., Ltd.

After the establishment of Yinhu Financial Network Technology Co., Ltd., it will mainly carry out credit risk assessment and management, small loan industry investment, small and micro loan consulting services and transaction facilitation, loan information consultation and release, establish a complete and rigorous risk management system, and take advantage of Panda Fireworks' channel advantages in the whole country to expand its business in a wider scope.