ZHONGMIAO (01471) completes the equity delivery of the acquisition of Kechuangrongxin, accelerating the construction of an ecological financial technology blueprint.

On October 24th, ZHONGMIAO (01471) successfully completed the strategic acquisition of shares agreement with Beijing Kechuang Rongxin Technology Co., Ltd. (referred to as Kechuang Rongxin). This marks an important milestone for ZHONGMIAO as it transitions from the insurance technology field to an ecosystem-based financial technology service provider, with Kechuang Rongxin officially becoming a new member of ZHONGMIAO's financial technology ecosystem. As previously announced, ZHONGMIAO acquired 55% of Kechuang Rongxin's shares for 165 million RMB in cash (adjustable according to the agreement terms), becoming its controlling shareholder. Following the completion of the transaction, Kechuang Rongxin's performance, assets, and liabilities will be consolidated into ZHONGMIAO's financial statements, injecting new momentum into the company's revenue structure diversification and profit growth. Kechuang Rongxin, which has been deeply involved in the financial technology field for nearly 20 years, is a seasoned service provider. Since its establishment in 2004, Kechuang Rongxin has always focused on financial technology and financial information services, with core businesses including RMB circulation management and clearing systems, providing specialized software and data services to bank financial institutions. With stable technical strength and high-quality service experience, Kechuang Rongxin has accumulated core customer resources covering many state-owned banks and regional commercial banks, with average profits exceeding 30 million RMB over the past six years, demonstrating stable financial performance. As a financial technology enterprise under the Haier Group, ZHONGMIAO has always regarded technological innovation as its core competitive advantage. In recent years, the company has continued to increase its investment in cutting-edge technologies such as artificial intelligence, big data, and blockchain, successfully developing standardized technological products such as intelligent claims and risk reduction while powering the digitization of insurance services. The company's technical capabilities and scenario-driven solutions have been fully validated by the market. In the first half of 2025, ZHONGMIAO achieved revenues of 114 million RMB, a year-on-year growth of 28.4%; net profits attributable to equity shareholders were 25.063 million RMB, a year-on-year growth of 16.2%. The steady growth in performance reflects market recognition of the company and provides solid support for strategic expansion. Emphasizing the differentiated model of "technology + scenarios + ecosystem" and continuously iterating user experience, actively expanding the financial technology business ecosystem is ZHONGMIAO's clear long-term strategic goal. To achieve this goal, the company has made precise layouts around the two core tracks of insurance technology and financial technology, continuously improving its business ecosystem through strategic investments and acquisitions. When selecting targets, "strategic synergy" has always been the company's core criterion, focusing on whether the target's technical capabilities, resource channels, talent teams, and other dimensions can complement existing businesses and ultimately achieve integration value greater than the sum of its parts. The partnership with Kechuang Rongxin represents a key practice in implementing the company's strategic synergy concept. In terms of technology integration, the accumulation of ZHONGMIAO in AI risk control and big data analysis seamlessly integrates with Kechuang Rongxin's mature experience in bank system management, enabling the two parties to jointly develop cross-industry financial digital products such as a "bank + insurance" interlocking risk management system in the future, providing financial institutions with more comprehensive solutions. In terms of customer resource synergy, the bank client base covered by Kechuang Rongxin provides ZHONGMIAO with new business scenario entry points, allowing ZHONGMIAO to extend risk management services to banks and their related parties. At the same time, ZHONGMIAO's insurance institution clients will provide potential application space for Kechuang Rongxin's financial asset digitization process management system and other technologies. The cross-empowerment of customer resources between the two parties will further tap into market demand potential. Currently, as the strategy of a strong financial nation continues to advance, domestic substitution processes are accelerating, and the financial technology industry is facing historic development opportunities. The "Development Plan for Financial Technology (2025-2027)" issued by the People's Bank of China clearly states that by 2027, the digitalization rate of financial institutions will exceed 85%, and the process of accelerating information technology application innovation (INFORMATIONALIZATION) will continue. This aligns closely with ZHONGMIAO's strategic direction and provides policy dividends for the company's synergistic development with Kechuang Rongxin. Looking ahead, ZHONGMIAO will collaborate with Kechuang Rongxin, relying on policy support to increase investment in the development of financial technology products, promote the landing application of related products in financial institutions, and help the industry achieve its digital transformation goals. Building on this equity transfer, the company will further integrate the technologies, talent, and customer resources of both parties, expand the scale of business services, continuously increase market share in the financial technology field, and improve revenue and profit levels, to return investors' trust with even better performance and contribute more "Zhongmiao power" to the upgrade of the financial technology industry.