Sheng Ye Information Technology Service (Shenzhen) Co., Limited (“SYIT”), a subsidiary of Sheng Ye Capital Limited (“SY Capital” or the “Company”, stock code: 6069.HK), has recently reached a cooperation agreement with Luban Mall, an e-commerce platform of China Railway Group Limited (“CREC”), to establish a connection between the system-specific portals and enable data sharing between the two parties. The cooperation opens up huge customer acquisition opportunities for SY Capital’s supply chain finance business, and enables both parties to jointly promote the digital upgrade of the infrastructure industry while providing more flexible and inclusive financial services for the vast number of small, medium, and micro enterprise (“SME”) suppliers.

Leveraging Luban Mall’s rich experience and abundant resources in the construction industry, the two companies will be able to verify the authenticity and rationality of transactions more efficiently through data sharing and interconnection. This will help to generate more accurate transaction and enterprise profiles of SME suppliers, convert real-time data into credit scores, and reduce their dependence on core enterprise confirmation. Luban Mall has accumulated over 190,000 high-quality suppliers on its procurement platform, and organizes over RMB300 billion worth of bidding and procurement activities yearly. The cooperation with Luban Mall will enable SY Capital to significantly improve its customer acquisition capability and enhance customer stickiness through more diversified services, which is expected to open up supply chain finance market opportunities worth of RMB100 billion and more.

As a national high-tech enterprise, SY Capital utilizes its leading IoT SaaS systems and data analytic capabilities to break the information barriers, intelligently link asset owners and financial institutions, and provide enterprise clients with one-stop supply chain SaaS, IoT and digital finance solutions. As of mid-2021, SY Capital has connected to 11 core enterprise ecosystems, achieved total cumulative assets under management of over RMB100 billion, and provided flexible supply chain financing solutions for over 8,200 SMEs.

Founded in 2013, Luban Mall, an e-commerce procurement platform under China Railway Group Limited (“CREC”), is an integration services provider of procurement digitalization services for engineering and construction enterprises. It operates "Luban Cloud Procurement" (鲁班云采购) system, a SaaS e-tendering and procurement platform for CREC. The system have a number of features, including (1) scenario-based design, which allows procurers, vendors, agencies and bid evaluation experts to operate with one click, providing a convenient and user-friendly approach; (2) the ability to support different procurement methods, including bidding procedures, competitive negotiation, procurement price inquiry, single-source procurement, competitive bidding, secondary sourcing under a framework agreement; (3) digitalization of the whole procurement process, which ranges from request for proposals and procurement plan development, to procurement sourcing; and (4) intelligent management and control, including online approval, real-time supervision, procurement analysis, and procurement rule configuration.

Looking ahead, SY Capital will continue to deepen its fintech service capabilities and diversify its service scenarios, thereby accelerating the digital upgrade of industries.