RUIHE DATA (03680) and JHD sign a strategic cooperation agreement intending to jointly develop next-generation digital solutions for the financial and financial industry.

RUIHE DATA (03680) has announced that the group has entered into a strategic cooperation agreement with JHD Technologies Limited. JHD's controlling shareholder is a British-American family trust, with past rounds of financing including investment from well-known institutions such as SoftBank International, Deutsche Bank, and Oracle. JHD is a leading solution provider focusing on financial technology and merchant services in small and medium-sized cities and county areas. They have a mature technology platform, an extensive network of bank partnerships, and a complete intellectual property system. According to the strategic cooperation agreement, the group and JHD plan to establish a comprehensive and long-term strategic partnership. The two parties will work together with the concept of "data-driven, AI native" to develop next-generation digital solutions for the financial and pan-financial service industries. This cooperation aims to enhance operational efficiency and support the long-term development of both parties' businesses through collaborative technical research, integration of business scenarios, and sharing of commercial resources. The two parties plan to closely collaborate in the following areas: data-driven marketing and operational solutions; development of AI solutions for financial services; comprehensive technology infrastructure and system solutions; and expansion of digital ecosystems and utilization of data resources. According to the strategic cooperation agreement, JHD and its controlled entities have committed to bringing cumulative cooperation business revenue of no less than RMB 450 million (excluding tax) to the group from the agreement date until December 31, 2028. The board believes that the two parties will leverage their respective technological and experiential advantages to jointly develop next-generation digital solutions for the financial and pan-financial industries. This cooperation will promote the optimization and upgrade of both parties' business structures, creating a new path for growth together.