RUIHE DATA (03680) Enters Strategic Partnership with JHD to Co-Develop Next-Generation Digital Solutions for Financial Sector

RUIHE DATA (03680) has announced that the Group has entered into a strategic cooperation agreement with JHD Technologies Limited. JHD's controlling shareholder is an Anglo-American family trust, and its past financing rounds have included well-known institutional investors such as SoftBank International, Deutsche Bank, and Oracle Corporation. JHD is a leading solution provider focused on fintech and merchant services for small and medium-sized cities and counties, possessing a mature technology platform, an extensive network of banking partnerships, and a comprehensive intellectual property system.

According to the strategic cooperation agreement, the Group and JHD intend to establish a comprehensive and long-term strategic partnership. Guided by the principle of being "data-driven and AI-native," the two parties will collaborate to develop next-generation digital solutions for the financial and broader financial services industry. This cooperation, through joint technological development, integration of business scenarios, and sharing of commercial resources, aims to enhance operational efficiency and support the long-term growth of both parties' businesses.

The collaboration is planned to focus on the following areas: data-driven marketing and operational solutions; development of AI solutions for financial services; integrated technology infrastructure and system solutions; and expansion of the digital ecosystem and utilization of data resources.

Under the terms of the agreement, JHD and its controlled entities have committed to endeavor to generate cumulative cooperative business revenue of no less than RMB 450 million (excluding tax) for the Group from the date of the agreement until December 31, 2028.

The Board believes that by leveraging their respective technological and experiential strengths, the partnership will jointly develop next-generation digital solutions for the financial sector. This collaboration is expected to facilitate the optimization and upgrading of both parties' business structures and create new pathways for growth.