GRG Banking subsidiary secures Hong Kong MSO license

GRG Banking Equipment Co., Ltd. announced that its wholly-owned subsidiary, GRG HT (HK) CO., LIMITED (Huitong Hong Kong), has obtained a Money Service Operator Licence (MSO license) from Hong Kong Customs. The license is valid from October 13, 2025, to October 26, 2027.

Huitong Hong Kong, a cross-border payment service provider under GRG Banking, aims to offer professional cross-border payment settlement, international remittance, and other financial services to global enterprises. This MSO license marks a crucial step in the company's cross-border payment business, granting it the necessary qualifications for compliant cross-border fund settlement and foreign exchange. This move is expected to boost GRG Banking's global service capabilities and fintech strength, aligning with its strategic goals.

Huitong Hong Kong plans to develop a comprehensive global payment settlement solution, collaborating with GRG Banking's controlling subsidiary, Zhongjin Payment Co., Ltd., to create an integrated "domestic + international" capital channel. This initiative will provide secure, efficient, and transparent cross-border financial technology services to corporate clients. While this business is not expected to significantly impact the company's operating performance in the short term, investors are advised to consider the associated investment risks.