Hangzhou Tigermed Consulting (03347) launches cross-border cash pool settlement business.

Hangzhou Tigermed Consulting (03347) has announced that, in order to enable the company and its subsidiaries (including domestic and overseas wholly-owned and controlled subsidiaries directly or indirectly held by the company) to more efficiently coordinate domestic and overseas funds and further support overseas business expansion, the company plans to use Hangzhou Tigermed Consulting as the lead enterprise to launch a cross-border cash pool settlement business at banks with international settlement capabilities. Through the cross-border cash pool settlement business, the company and the domestic and overseas subsidiaries included in the cash pool will achieve centralized management and unified scheduling of cross-border RMB and foreign currency funds, effectively carry out liquidity balancing and pooling, and enhance the efficiency of internal capital allocation. This move will help reduce capital usage costs, improve capital efficiency, while strengthening the security control of overseas funds, optimizing overall business processes, and providing more flexible and efficient financial support for the coordinated development of the company's domestic and overseas businesses.