On January 17th, Kunlun Digital Technology and the Shenzhen Branch of Industrial and Commercial Bank of China signed a strategic cooperation agreement on supply chain financial services. The two parties will carry out extensive cooperation in "Kunlun Easy Finance" platform which provides "Contract Financing," "Invoice Financing," "Bill Financing," "Oil Easy Financing," and other products. Pan Qiang, Deputy Secretary of the Party Committee and Vice President of ICBC Shenzhen Branch, and Chen Zhaohui, Chairman of Kunlun Digital Technology, attended the signing ceremony and made speeches; Lin Weiguo, General Manager of Inclusive Finance Division of ICBC Shenzhen Branch, and Li Sen, Deputy General Manager and Chief Financial Officer of Kunlun Digital Technology signed the cooperation agreement on behalf of both parties respectively.

Before the signing ceremony, Mr. Pan visited the exhibition hall of Kunlun Digital Technology, and had a comprehensive understanding of the business and development of Kunlun Digital as the largest and most powerful technology enterprise in PetroChina. The two sides exchanged views on cooperation in the coordinated development of fintech and the digital transformation of banks' supply chain financial services.

Mr. Pan expressed his gratitude to Kunlun Digital Technology for its support to ICBC Shenzhen Branch. He said that over the years, Kunlun Digital has cooperated with ICBC and other financial institutions through multiple channels to provide a full range of capital and financial services for the upstream and downstream customers of CNPC, truly played the role of supply chain finance in solving the financing of small-to-medium-sized enterprises, realized the concept of serving the real economy, and demonstrated considerable responsibility. In order to deepen the partnership between the two sides, he stressed that ICBC Shenzhen should join hands with Kunlun Digital and Kunpay (the operator of Kunlun Easy Finance platform) to support tens of thousands of suppliers and dealers in the upstream and downstream industry chain of CNPC with technological, digital and financial empowerment, aggregate small-to-medium-sized enterprises and technology startups in the industrial chain to innovate digital application scenarios, and help ensure the stability of the industrial chain.

Mr. Chen said that Kunlun Digital Technology and ICBC have always maintained a good cooperative relationship, thanks to ICBC Shenzhen Branch for their trust and support. In the future cooperation, Kunlun Digital will rely on the big data of CNPC industry chain, and explore new platform economic models such as network collaboration, personalized customization, service extension and supply chain finance based on platform. At the same time, Kunlun Digital will prevent and control risks, ensure and boost the digital transformation and intelligent development of CNPC. It is hoped that Kunlun Digital and ICBC Shenzhen will continue to expand cooperation areas, deepen cooperation levels, make joint innovations, also promote and realize common development of the two sides.

General Manager of Corporate Department of ICBC Shenzhen Branch, relevant heads of Inclusive Finance Division, Huaqiang Sub-branch and other departments, General Manager of Kunlun Digital Technology Finance Division, heads of financial industry Sales Department, Financial Business Department, Kunpay and other departments and branches attended the signing activity.