Advanced Digital Communication (ADC): Clarification on Digital Currency, Cross-border Payment Business Layout, and Cooperation with Ant Group

Advanced Digital Communication (ADC): Clarification on Digital Currency, Cross-border Payment Business Layout, and Cooperation with Ant GroupOn January 16, 2024, an investor inquired through an interactive platform about ADC's involvement in the digital currency and cross-border payment sectors, and whether it collaborates with Ant Group. ADC provided an official response to this question

Advanced Digital Communication (ADC): Clarification on Digital Currency, Cross-border Payment Business Layout, and Cooperation with Ant Group

On January 16, 2024, an investor inquired through an interactive platform about ADC's involvement in the digital currency and cross-border payment sectors, and whether it collaborates with Ant Group. ADC provided an official response to this question.

ADC clarified that it provides business processing application solutions to financial industry clients, primarily commercial banks, based on its self-developed software product, Starring. These solutions encompass the bank-side business processing applications for both legal digital currencies and cross-border payments. However, the company emphasized that the current scale of these businesses is relatively small and does not significantly contribute to the overall business, nor does it constitute a material impact.

The company's response highlighted its business positioning and service strategy. ADC is dedicated to providing high-quality IT infrastructure construction, software solutions, and IT operation and maintenance services to its clients, aiming to provide comprehensive technical support and service assurance in the fintech sector.

Notably, the company maintained a cautious approach regarding cooperation details with specific clients. Considering contractual obligations with clients and principles of commercial confidentiality, ADC stated that it is unable to disclose details of cooperation with specific clients, such as Ant Group, except for publicly tendered projects and information mandated for disclosure by laws and regulations. This response reflects the company's protection of trade secrets and respect for client interests.

Investor relations management is a crucial responsibility for listed companies, and transparency and accuracy in information disclosure are key to protecting investor rights. ADC's response not only answered investor questions but also demonstrated the company's cautious approach to information disclosure and its standardized operations.

In its response, the company also specifically advised investors to invest rationally and be mindful of investment risks. This reflects the company's emphasis on and responsible attitude toward investor rights. The investment market involves risks; investors should make rational investment decisions based on their own risk tolerance. Blindly following trends should be avoided; investors should fully understand relevant information and invest cautiously.

ADC's business layout covers multiple aspects, providing comprehensive technical support and services to financial industry clients. Its self-developed Starring software product provides the company with a core competitive advantage, helping it to continue developing in the fintech sector. The company's expansion into digital currency and cross-border payment businesses also demonstrates its keen insight into and proactive positioning in future market trends.

While the current scale of the digital currency and cross-border payment businesses is small, this does not mean the company will abandon expansion in this area in the future. With the rapid development of the digital economy and the continuous maturity of digital currency technology, this business is expected to have greater development potential in the future. ADC's strategic layout will provide new impetus for the company's future growth.

In summary, ADC's response comprehensively and clearly answered investor questions regarding its digital currency and cross-border payment business layout, and its cooperation with Ant Group. The company provided the maximum amount of publicly available information to investors while protecting client interests and trade secrets. The company also reminded investors to invest rationally and be aware of risks, demonstrating a high degree of responsibility and professionalism. In the future, ADC will continue to monitor market trends, continuously improve its technical capabilities, provide better services to clients, and create greater value for shareholders. ADC's continued cultivation and innovation in the fintech sector are worthy of expectation. The company's standardized operation in information disclosure also sets a good example for other listed companies. In the future, how to balance the protection of trade secrets and the transparency of information disclosure will be an issue that listed companies need to continuously focus on and address.

ADC's response reflects the company's maturity and standardization in investor relations management, and provides investors with a clearer understanding of the company's business development direction. We hope the company will continue to maintain transparent communication and information disclosure in the future, establishing a good interactive relationship with investors. Investors should also rationally view market fluctuations, focus on the company's long-term development, and make more rational investment decisions. In the information age, effective information communication and transparent corporate governance are key to a company's sustainable development and gaining investor trust.