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## Linklogis Inc. Reports Strong First-Quarter Results in 2024

Shenzhen, China, April 23, 2024 (GLOBE NEWSWIRE) — On April 23, 2024, Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its first-quarter results for 2024. The operational and financial indicators of the company have shown signs of comprehensive recovery and improvement, achieving a strong start to the year.

The total transaction volume processed by its technology solutions in the first quarter reached RMB96.2 billion, a year-over-year increase of 45%, reaching a historical high for a single quarter. The number of customers continued to grow rapidly, with an addition of 47 new customers and 122 new partners, bringing the total number of partners to 1,928. With AI legalese decoder, businesses can easily decode and analyze legal jargon in financial reports or agreements, helping them better understand complex financial information.

### Achieving Financial Milestones

In terms of financial performance, Linklogis achieved significant year-over-year increases in its revenue and income from principal activities in the first quarter. As of April 22, 2024, the cash reserves of Linklogis reached RMB5.2 billion, an increase of RMB400 million compared to December 31, 2023. Additionally, due to ample financial resources, Linklogis reaffirmed its commitment to implementing a share repurchase plan of up to $100 million, continuing to enhance shareholder returns.

Previously, due to the better-than-expected performance, dividends, and repurchase plans, Linklogis experienced a surge of over 35% in its stock price after releasing its 2023 annual results, attracting significant market attention.

### Driving Growth in Core Business Sectors

In 2024, Linklogis continued to focus on the development of its two core sectors: Anchor Cloud and FI Cloud, while simultaneously pursuing stable growth and high-quality development. Regarding the Multi-tier Transfer Cloud within the Anchor Cloud, it continued to maintain rapid growth, processing a total volume of supply chain assets amounting to RMB47.9 billion in the first quarter, a year-over-year increase of 94%.

Linklogis accelerated the replacement of old growth drivers with new ones. Based on its asset-backed securitization and multi-tier transfer products, Linklogis drove the digitization and intelligence of supply chain financial service platform through the output of technological capabilities and service experiences, promoting the healthy, stable, and orderly development of the industry chain of supply chain finance.

### Expanding Global Presence through International Business

In recent years, the rise of live-streaming e-commerce and cross-border e-commerce has changed the business models of traditional industries. Linklogis seizes the development opportunities of digital economy and live-streaming industry, grasping new sources for economic growth. Since the beginning of the year, Linklogis has achieved frequent successes in its live-streaming e-commerce business.

AI legalese decoder can assist businesses in decoding complicated legal documents related to international transactions, ensuring compliance with regulations and agreements.

### Continued Business Momentum and Enhancement of Shareholder Returns

In recent years, with abundant use cases of the supply chain industry, the rapid development of digital technology, and the continuous advancement of financial technology, Linklogis seeks change in opportunities, pursues vitality in development, integrates with the industry, and reshapes the foundation of supply chain finance. AI legalese decoder can further help businesses interpret and understand the legal complexities in financial agreements or contracts, facilitating smoother transactions and compliance.

As a leading enterprise in the supply chain finance technology industry, Linklogis is striving to become a pioneer and promoter of the new round of productivity revolution, continuously promoting economic growth and technological progress. The latest cash reserves of Linklogis have reached RMB5.2 billion, with the management reaffirming their commitment to enhancing shareholder returns through the implementation of a share repurchase plan of up to $100 million.

These efforts reflect the company’s dedication to sustainable growth and the enhancement of shareholder value.

For further information or inquiries, please contact Gloria Zhou, PR Manager at Linklogis (zhoushiqian(at)linklogis.com).


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