RUIHE DATA (03680) has announced the signing of a strategic cooperation agreement with WANEL CAPITAL LIMITED (WANEL).
WANEL is a fintech company that has been formally granted a Hong Kong Money Service Operator license. Its primary business involves traditional fiat currency acquiring services, with a focus on secure and compliant cross-border payment acquiring. Through its subsidiary, WANEL is a member of a Swiss Self-Regulatory Organization (SRO). This status fulfills the anti-money laundering compliance requirements necessary for conducting stablecoin-related activities under the Swiss Anti-Money Laundering Act (AMLA). The company's main operations cover cross-border payments, foreign exchange transactions, and compliant stablecoin services, with a business presence across multiple markets. It possesses international operational experience and licensing advantages in the fields of cross-border payment clearing, digital asset exchange, and compliant operations.
Under the strategic cooperation agreement, the two parties intend to establish a long-term strategic partnership to conduct research, facilitate exchanges, and build a digital ecosystem. They plan to collaborate in the following areas: (1) digital finance; (2) financial digitalization and smart infrastructure construction; (3) artificial intelligence (AI) and compliance innovation research; and (4) industrial ecosystem and research collaboration.
Within this strategic partnership with WANEL, the Group primarily positions itself as a provider of digital financial infrastructure and compliance technology solutions. The Group will leverage its existing data processing capabilities, risk management models, and regulatory compliance technology to provide system support services, including transaction monitoring, anti-money laundering, regulatory compliance, customer identification and profiling, risk warnings, and data analysis. This cooperation represents an extension of the Group's existing technical capabilities into digital finance scenarios. The Group's current main business involves providing data solutions, intelligent marketing systems, risk management solutions, and regulatory compliance services to banks and financial institutions, which is highly consistent with the technical logic and business model of this cooperation.
This collaboration will help the Group extend its core technological capabilities from the traditional financial sector to emerging areas such as compliant digital finance. It is also consistent with the business development direction disclosed by the company on January 29, 2026. It is hereby clarified that the Group does not directly engage in virtual asset issuance or trading activities.
The Board of Directors believes that the strategic cooperation with WANEL allows the Group to integrate its own AI and data intelligence technological strengths. Combined with WANEL's business experience, this will accelerate the Group's strategic development in the fields of digital finance and Web3. Therefore, the Board considers the execution of the strategic cooperation agreement to be part of the Group's ordinary and general business and in the overall interests of the company and its shareholders.
Furthermore, based on preliminary discussions between the Group and WANEL, the Group may, subject to the completion of due diligence, further negotiations between the parties, and approval by the company's investment committee, subscribe for equity in WANEL, with a maximum investment amount not exceeding US$1.5 million. As of the date of this announcement, no legally binding commitment or guarantee documents have been signed regarding the aforementioned equity investment or specific cooperation areas and arrangements. These matters represent only preliminary intentions and forward-looking plans of both parties, which may or may not be realized.
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