On August 28, the People's Bank of China (PBOC) published the latest batch of renewal (reissuance) information for non-bank payment institution "Payment Business Licenses" for the August 2026 cycle. The seven institutions granted license renewals include Shanghai Fuyou Payment Service Co., Ltd., Shanghai Anxin Hui Payment Co., Ltd., Yitong Jinfu Payment Service Co., Ltd., Jie Fu Rui Tong (Inner Mongolia) Payment Co., Ltd., Zheng Lian Payment Co., Ltd., Sichuan Shangtong Payment Technology Co., Ltd., and Nanjing Citizen Card Payment Co., Ltd.

Meanwhile, due to circumstances specified in Article 24 of the PBOC's Administrative Licensing Implementation Measures, the central bank has decided to suspend the license renewal reviews for Lianlian Yintong Electronic Payment Co., Ltd. and UMPay Co., Ltd.

On the evening of August 28, LIANLIAN Digital Technology Co., Ltd. (02598.HK) issued an announcement stating that its wholly-owned subsidiary, Lianlian Yintong Electronic Payment Co., Ltd. ("Lianlian Yintong"), had applied to the PBOC's Zhejiang Provincial Branch to temporarily suspend the review process for renewing its long-term valid payment business license. According to the announcement, the suspension is a procedural right explicitly granted to payment institutions under the Administrative Licensing Implementation Measures. During the suspension period, all of the group's payment operations will continue to function normally, with client fund security and services remaining unaffected.

LIANLIAN anticipates that this suspension will not have a material adverse impact on the group's overall business or financial condition. The company will promptly seek to resume the review process for renewing its long-term valid payment business license.

Additionally, due to circumstances stipulated in Article 47 of the Administrative Licensing Implementation Measures, the PBOC has decided not to renew the license of Chengdu Mobao Network Technology Co., Ltd. In July of this year, an administrative penalty disclosure from the PBOC's Sichuan Provincial Branch revealed that Chengdu Mobao Network Technology Co., Ltd. had been issued a warning and a notice of criticism, with illegal gains of 8.064 million yuan confiscated and a fine of 21.365 million yuan imposed. The violations included non-compliance with account management regulations, clearing management regulations, merchant management regulations, and failure to fulfill customer identity verification obligations as required.