Huitong Financial Technology

Jiangsu Huike Financial Data Joint-stock Co., Ltd. was established in 2011 with a registered capital of 102.04 million yuan. It is a key enterprise introduced by Huaqiao International Business City, Kunshan City, Jiangsu Province. The company mainly engages in related financial service outsourcing businesses, including call center operations, information consulting, data processing, system software development, human resource management, and training consulting.

Huitong Financial Technology has an independent operation base in Huaqiao, Kunshan, within one hour's transportation from Shanghai, enjoying an advantageous geographical location. The office area covers 28,000 square meters, with a call center capacity of up to 4,000 seats, and the current workforce has reached over 2,000 employees.

By the end of 2017, Huitong Financial Technology had cooperated with 38 financial institutions, including Bank of China, Bank of Communications, China Merchants Bank, China Guangfa Bank, China Everbright Bank, Industrial Bank, Shanghai Pudong Development Bank, Huaxia Bank, Bank of Jiangsu, Bank of Shanghai, Zhejiang Bank, Ping An Bank, Alibaba Group, Wanda Finance, BOC Consumer Finance, 51 Credit Cards, URSpay, Yibai Technology, etc. The business scope covers telemarketing value-added services, credit review services, debt collection services, customer service inbound calls, credit card bill installment outbound marketing services, card issuance outbound invitation services, card activation outbound calls, magnetic stripe card to chip card replacement phone notification services, card upgrade phone notification services, bill change notification services, consumer credit product telemarketing, and third-party payment hotline answering services.

Huitong Financial Technology is actively expanding cooperation with other state-owned banks and joint-stock banks, and negotiations are underway with new internet banks and smart banks. In the field of financial service outsourcing, the prospects for business cooperation are promising. Long-term cooperation with these financial institutions has verified that Huitong's financial service outsourcing model, primarily focused on banking business, is poised for good development momentum. On September 23, 2015, the company was officially listed on the New Third Board, with securities code: 833631.

In 2016, leveraging its rapid development, the company received the annual "Largest Scale Award" from the Kunshan Service Outsourcing Enterprise Association; was recognized as a Jiangsu Province Private Technology Enterprise and a Kunshan City Technology R&D Institution; obtained the Service Outsourcing Capability Demonstration Enterprise Certificate issued by the Service Outsourcing Park Certification Evaluation System and Key Technology Research and Demonstration Project Group; and won the 2016 Top 100 Growing Service Outsourcing Enterprises jointly awarded by China International Investment Promotion Association and China Outsourcing Network.

On May 16, 2016, Huitong Financial Technology issued 52,040,816 additional shares to GRG Banking Equipment Co., Ltd. (002152, SZ). After the transaction, GRG held 51% of Huitong Financial Technology's equity and became its controlling shareholder. This strategic alliance between Huitong Financial Technology and GRG holds important strategic significance for both parties. Huitong Financial Technology will leverage GRG's strong resources to accelerate business expansion, streamline and integrate businesses, and gradually expand its scope from call center services to asset management, branch network services, micro-loan business, and credit card market development services, achieving diversified business growth. GRG, based on its development in the financial service outsourcing industry centered on "cash", aims to build an important platform for "non-cash" financial services through this strategic acquisition.

In 2017, the company was awarded the titles of "2016 Most Valuable Financial Service Enterprise" and "2016 Top 20 Best Service Outsourcing BPO Enterprises in China" jointly by China Outsourcing Network and Dingtao Industry Research Institute, and the honor of "2017 China Top 100 Growing Service Outsourcing Enterprises" by China International Investment Promotion Association. In the third year of the company's development, Huitong Financial Technology optimized its customer and business structure and further expanded in the financial services sector: it cooperated with Baoquan Coin to establish Jiangsu Baoyitong Information Technology Co., Ltd., and with Zhejiang Yunfa Industrial to establish a controlled subsidiary Jiangsu Huijin Litong Information Technology Co., Ltd., officially entering the precious metals sales field; it also co-initiated the establishment of Zhejiang Tourong Tianxia Investment Management Co., Ltd. with Hangzhou Wanhua Holding Group, Zheqi Capital, Xiechuang Capital, and other parties, positioning itself in the investment and financing services field.

In March 2017, Huitong Financial Technology established an Innovation Business Division, aiming to further leverage its strengths, transform and upgrade based on traditional call center business, and vigorously expand innovative banking services. With the assistance of GRG and strong support from the company's leadership, Huitong Financial Technology's "Smart Bank" solution has matured, basically aligning with its initial concept, and is currently in in-depth negotiations with multiple banks.