International Business Settlement Holdings Limited (IBS or Group; HKEx stock code: 00147.HK) is pleased to announce that IBS signed on June 29, 2017 with Shin Kong Financial Holdings Investment Co., Ltd., a wholly-owned subsidiary of Shin Kong Holdings Group Co., Ltd. Strategic framework agreement.
 
       According to the framework agreement, relying on the experience and advantages of both parties in fintech and cross-border trade, deep cooperation in business areas such as global payment and settlement, fund transfer and asset management, as well as new financial services such as blockchain and smart finance The application and development of science and technology in international settlement and cross-border capital management are jointly researched and explored.
 
      The IBS Lithuanian subsidiary has previously obtained an Electronic Money Institution (EMI) license covering the entire EU region. Based on this, the company will work with Shin Kong Financial to jointly develop financial technology services such as cross-border clearing, payment and acquiring, and fund remittance and management within Europe, Europe and China, and Europe and the CIS countries to serve international Traders promote multilateral trade while benefiting Shin Kong Group’s partners and suppliers throughout Europe and Asia.
 
       It is reported that Shin Kong Group is an ecological investment group integrating industry, finance, Internet, energy tourism and other diversified businesses, with assets of nearly 100 billion RMB.