Provides SME financing solutions to small and medium-sized enterprises and information technology services to commercial clients.
20-F for FY2025, filed Apr 20, 2026Fiscal 2025 Fiscal 2024# Fiscal 2023# Revenue generated from service SME Financing Solutions 59 % 25 % 26 % Supply Chain Solutions - % 2 %…View ↗
As a result of this transaction, we have discontinued our legacy SME financing services business in mainland China and supply chain…View ↗
We provide customized software development, system integration, and cloud technology solutions to accelerate the upgrading of digital…View ↗
SME financing brings one-time advisory fees when offerings close; IT customers are charged one-time fees upon delivery and acceptance of digital-transformation software.
20-F for FY2025, filed Apr 20, 2026Fiscal 2025 Fiscal 2024# Fiscal 2023# Revenue generated from service SME Financing Solutions 59 % 25 % 26 % Supply Chain Solutions - % 2 %…View ↗
SMEs financing solutions: the Company earns one-time advisory fees from its services provided to small-and mid-size enterprises the Company…View ↗
Information Technology Services: For the year ended December 31, 2025, the Company charges customers a one-time fee upon delivery and…View ↗
$5.1M
20-F for FY2025, filed Apr 20, 2026
$5.1M ↗
Customers include small and medium-sized financial institutions, large financial groups, and cross-border businesses. The company reaches them through management referrals and direct sales, and uses channel partners to sell standardized software and cross-border services.
20-F for FY2025, filed Apr 20, 2026Our target customers primarily include small and medium-sized financial institutions, large financial conglomerates, and cross-border…View ↗
Management Referrals. We leverage our management resources to secure high-end customized projects from large financial institutions and…View ↗
Direct Sales Teams. Acting as our core acquisition channel, this team provides precise one-on-one docking to penetrate the SME market and…View ↗
Channel Partnerships. We collaborate with financial industry associations, software/hardware vendors, and cross-border service agencies to…View ↗
20-F for FY2025, filed Apr 20, 2026
Substantially all of the Company’s revenue from services is derived from customers that are located primarily outside Mainland China…View ↗
No. It lost $220.9M in FY2025.
20-F for FY2025, filed Apr 20, 2026
Shrinking. Revenue fell 97% in 4 years, from $160.2M in FY2021 to $5.1M in FY2025, about 58% a year.
A shift in business focus
The earlier report described operations through subsidiaries and VIEs in China, with SME financing services. The current report describes Hong Kong IT services and direct SME financing in overseas markets, after exiting mainland China legacy businesses.
20-F for FY2022, filed Aug 8, 2023 20-F for FY2025, filed Apr 20, 2026
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