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CSF create ecosystem with 10 Fintech leading in China and Asia

Business synergy with large and growing user base and internet usage

CSF has built a unique FinTech ecosystem with 10 leading platforms in China and Asia. The interaction between users of the platform creates great value and brings a strong network effect. The business of CSF serves a diverse customer base, from SMEs, merchants to individuals, while providing different product lines to share within the same potential customer base to increase cross-selling opportunities and enhance customer loyalty across platforms. From 2014 to 2017, CSF achieved a great leap in its cumulative registered users from 8,000 to 73 million people.

 

About CSF

Chong Sing Holdings Fintech Group Limited (“CSF”, Stock Code: 8207.HK) is a leading integrated FinTech group with a focus on providing 24×7 online financial services to SMEs, merchants and individuals in China and Asia through internet and mobile solutions.

CSF was established in 2003 and initially focused on providing traditional loans and financing services, which include entrusted loan, mortgage loan, secured pawn as well as microfinance services. The Group was listed on the Hong Kong Stock Exchange in 2010.

With the emergence of FinTech application, CSF has started to shift its business focus from traditional finance to technology finance since 2013, in order to cater to the rapid industry development and upgrade its financial services in the face of such fierce competition. With more than four years of business transformation and development, we have successfully built a comprehensive FinTech ecosystem to meet the needs of the target market and become the leader in the industry. In 2017, the Group accelerated the deployment of Southeast Asia business and set up a headquarter in Singapore so as to grasp the business opportunities brought by the rapid expansion of the FinTech market in Southeast Asia, and rapidly conduct businesses in Singapore, Vietnam, Indonesia and other Southeast Asian countries.

The Group’s market value has also shown a rapid growth from HKD1.4 billion in 2014 to more than HKD8 billion currently, which has been well-recognized by capital market investors and regulatory organizations. Not only has CSF been included in the MSCI China All Shares Index since 1 June 2017, but Goldman Sachs also selected CSF as one of the “16 Asian Emerging Stocks” from 1,500 stocks in 12 markets in the Asia-Pacific region based on market capitalization, liquidity, valuation, and forecast earnings growth.

Through open and transparent communication as well as our willingness to face different challenges, CSF has now become a trustworthy partner for all stakeholders, and it unwaveringly exerts the following five major competitive advantages.

Business synergy with large and growing user base and internet usage

CSF has built a unique FinTech ecosystem with 10 leading platforms in China and Asia. The interaction between users of the platform creates great value and brings a strong network effect. The business of CSF serves a diverse customer base, from SMEs, merchants to individuals, while providing different product lines to share within the same potential customer base to increase cross-selling opportunities and enhance customer loyalty across platforms. From 2014 to 2017, CSF achieved a great leap in its cumulative registered users from 8,000 to 73 million people.

Oliver Smith

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