Summary by Moomoo AI
On February 5, 2024, Unify FinTech renewed its Enterprise Financial Products Diaspora Cooperation Agreement with Micro Bank for a period of time until December 31 of the same year. The agreement allows OMC to continue to provide services to Microbank, assist it in financing SMEs, and to pay service fees from Microbank. The terms of this cooperation agreement are substantially the same as the previous agreement that expired on December 31, 2023, but includes some adjustments to rates and payment terms. The maximum annual service fee set by the cooperation agreement is RMB20 million, based on the successful experience of cooperation between the two parties and expected business growth. UNIFY IS AN AFFILIATED ENTITY OF THE LENEY FINTECH GROUP THAT PRIMARILY PROVIDES SOFTWARE DEVELOPMENT AND INFORMATION TECHNOLOGY SERVICES. The major shareholders of Micro Bank include Shenzhen Tencent, a subsidiary of Tencent. Members of the Board of Directors of Unify FinTech, including Chairman Song Kwan, have confirmed that the cooperation agreement is in the overall interests of the company and its shareholders.