Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CREDIT CHINA FINTECH HOLDINGS LIMITED中國信貸科技控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8207)
BUSINESS UPDATEThe board of directors (the "Board") of Credit China FinTech Holdings Limited (the "Company") is pleased to disclose the operational statistics of the third party payment platforms, online investment platforms, and technology-enabled lending platforms of the Company from 2014 to the second quarter of 2017.
1Q14 | 2Q14 | 3Q14 | 4Q14 | 1Q15 | 2Q15 | 3Q15 | 4Q15 | 1Q16 | 2Q16 | 3Q16 | 4Q16 | 1Q17 | 2Q17 | |
Registered users ('000)1 | 8 | 29 | 204 | 1,044 | 1,506 | 2,359 | 3,709 | 5,271 | 7,003 | 12,671 | 19,404 | 32,577 | 42,110 | 51,904 |
Number of transactions for third party payment services2 | 1.8 million | 13.2 million | 92.6 million | 175.5 million | ||||||||||
Transaction value for third party payment services2 | RMB18.2 billion | RMB102.5 billion | RMB691.9 billion | RMB887.8 billion | ||||||||||
Transaction value for online investment platforms3 | - | RMB79.7 billion | RMB83.3 billion | RMB46.5 billion | ||||||||||
Transaction value for technology- enabled lending4 | RMB2.1 billion | RMB16.1 billion | RMB25.1 billion | RMB30.6 billion |
The above table includes the user number, transaction number and value figures from the Group's subsidiaries and non-consolidated investees.
Note 1: The number of registered users is the sum of registered users of the following platforms: Shanghai Jifu( 上海即富), First P2P( 網信理財), Financial Workshop( 金融工場), Shandian Jiekuan( 閃電借款)and Qiyuan Tianxia( 起源天下).
Note 2: Third party payment platforms include UCF Pay(先鋒支付), Shanghai Jifu and Amigo Technologies.
* These are unaudited figures.
Note 3: Online investment platforms include First P2P and Financial Workshop.
Note 4: Technology-enabled lending platforms include (1) First House Loan( 第一房貸), (2) Shanghai Feng Zhi Xing( 上海峰之行), (3) Shandian Jiekuan, the major consumer finance platform under Weshare, (4) Jiangsu Shanghutong(江蘇 商戶通), a joint venture established by Credit China FinTech and Five Star Holdings Limited, and (5) Shenzhen Wangai( 深圳市網愛), a joint venture established by Credit China FinTech and Shenzhen Aisidi Company Limited.
The above-mentioned operational data are unaudited and are based on the preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual, half-yearly or quarterly basis due to various uncertainties during the process of collating such operating information. As such, the above data are provided for investors' reference only. Shareholders and investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, shareholders and investors are advised to seek professional advice from professional or financial advisers.
By order of the Board
Credit China FinTech Holdings Limited Phang Yew KiatVice-Chairman, Chief Executive Officer and Executive Director
Hong Kong, 18 July 2017
As at the date of this announcement, the directors of the Company (the "Directors") are as follows:
Executive Directors:
Mr. Phang Yew Kiat (Vice-Chairman and Chief Executive Officer)
Mr. Chng Swee Ho Mr. Sheng Jia
Non-executive Directors:
Mr. Li Mingshan (Chairman)
Mr. Li Gang
Mr. Wong Sai Hung Mr. Zhang Zhenxin Ms. Zhou Youmeng
Independent Non-executive Directors:
Mr. Ge Ming
Dr. Ou Minggang Dr. Wang Songqi Dr. Yin Zhongli
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the "Latest Company Announcements" page of the GEM website (www.hkgem.com) for at least 7 days from the date of its publication and on the website of the Company (www.creditchina.hk).
Credit China FinTech Holdings Limited published this content on 18 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 July 2017 12:18:09 UTC.
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