Flying Financial Entered into Strategic Cooperation Agreement with Bank of Shanghai

Thursday, 20 April 2017, 18:47 HKT/SGT

Strengthen the Advantages of Online Financial Service Platform; Expand Financial Service Offerings

HONG KONG, Apr 20, 2017 - (ACN Newswire) - Flying Financial Service Holdings Limited (Stock Code: 8030.HK) ("Flying Financial" or "Company" and its subsidiary companies called "Group") was pleased to announce that on 18 April, 2017, the Company and Shenzhen Branch of the Bank of Shanghai (in English for identification purpose only, Shenzhen Branch of the Bank of Shanghai) ("Bank of Shanghai") entered into the strategic cooperation agreement ("Strategic Cooperation Agreement"), pursuant to which the parties shall cooperate to form a strategic alliance in developing various financial services for a term of three years.

Left to right: Mr. Zheng Weijing, Chairman of Flying Financial Service Holdings Limited, Mr. Xiao Rong, Vice-president of Shenzhen Branch of Bank of Shanghai

Ceremony of Signing the Strategic Cooperation Agreement

According to the Strategic Cooperation Agreement, Bank of Shanghai shall treat the Company as its strategic cooperation partner at branch level, establish a team of personnel for the Company, also make use of its resources and advantages to develop associated financial products for the Company and formulate customized financial service plan for the Company to support its development. The cooperation between the Company and Bank of Shanghai covers areas on financing of online spending, online financial management services, online payment, joint sales and marketing, clearing and settlement services, grant of syndicate credits and other related financial services.

The management believes that entering into the Strategic Cooperation Agreement with Bank of Shanghai represents an opportunity to the Group to expand its financial service offerings for its online financial service platform. Through its cooperation with the Bank of Shanghai, which is a well-established financial institution in the People's Republic of China with strong financial resources, the Group expects that the demand for its financial products and services would increase, which may bring returns to the shareholders of the Company.

About Flying Financial Service Holdings Limited
Flying Financial was listed in Hong Kong Growth Enterprise Markets. Over years' resource accumulation, the company business covered asset management, internet financing, financial consultation, real estate fund, finance lease and pawn loans (short-term financing). Currently, the Company put a great effort in providing supply chain financial services for the whole chain of real estate industry through launching financial services and products and setting up an innovative and customized platform covering the entire industrial chain. We also provide our enterprises/ individual clients of financing business and investors with convenient one-stop financial services with our leading model of (Internet + Finance + Real Estate).

The Group is committed to the research and development of Internet finance, strategic share participation and independent application for Internet finance-related licenses. The Group will build a real-estate-based coverage of the whole industry chain of financial services chain, covering all types of business and product models.

Topic: Press release summary Sectors: Daily Finance, Daily News
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