The board of directors of Flying Financial Service Holdings Limited announced that the company is in the progress of setting up subsidiaries in Hong Kong, Macau and Philippines for planning and developing the new service platform in relation to financial technology and travelling to capture new market opportunities. The Board is of the view that the above decision will be benefit to the Group's business and is in the interests of the Company and the Shareholders as a whole. The Group's current financial technology service platform has established comprehensive business process and technology system.

The Group will continue to strictly control the quality of financial service platform and deliver high-quality service to cater for the need of the market.