arcadenet| Lianlian Digital (02598) is affiliated with the Luxembourg Financial Industry Supervisory Commission and has obtained an electronic money institution license

Zhitong Finance APP Newsarcadenet, Lianlian Digital (02598) issued an announcementarcadenet, LianLian Europe S, a wholly-owned subsidiary of the companyarcadenet.Aarcadenet. (LianLian Europe) recently obtained an electronic money institution license from the Luxembourg Financial Industry Supervisory Commission (CSSF), authorizing LianLian Europe to provide issuance, distribution and redemption of electronic money and money remittance services.

Obtaining this license is in line with the Group's development strategy to further expand its global business. By obtaining this license, the Group will be able to serve local companies in Europe and support the global business activities of local customers, which will bring more business traffic to the Group's good global network and create good economic benefits for the Group.