Actively Captures Market Opportunities and Creates Synergies
HONG KONG, Apr 21, 2015 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (stock code: 8056), a leading provider of short-to-medium-term financing and financing-related solutions in China, has announced that its wholly-owned subsidiary has entered into a strategic cooperation framework agreement with the Bank of Communications Co., Ltd. Xiamen Branch ("BOCOM Xiamen").
The Framework Agreement serves as a mutual understanding of intention of future business strategic cooperation between Differ Group and BOCOM Xiamen and is valid for 5 years. Pursuant to the Framework Agreement, in order to satisfy the different needs of the Group in its business operations, BOCOM Xiamen agreed to provide the Group with comprehensive financial products and services with aggregate values totaling RMB1.2 billion. Specific details of the type and amount of financial products and services to be provided are not specified in the Framework Agreement.
Mr. Hong Mingxian, Chairman of Differ Group, said, "We are honoured to forge the strategic cooperation with BOCOM Xiamen. The agreement secures a reliable outline for comprehensive financial products and services and strong support from BOCOM Xiamen in order to boost our business development, further enhance our leading position in the financing service industry and lay a long-term development foundation for the Group. At the same time, significant synergies are facilitated through closer ties between both parties. We are closely monitoring the development of free-trade zone and capturing the opportunities brought by the "One Belt One Road" national policy. The Group is also seeking to develop new businesses such as P2P loans and internet microfinance, so as to expand our reach in the internet financing sector and facilitate sustainable development. We strongly believe this cooperation will enhance the Group's recognition and provide economic return from different areas, thus creating greater returns for our shareholders in the long run."
About Differ Group Holding Company Limited
Headquartered in Xiamen, Differ Group mainly provides short to medium-term financing and financing-related solutions to SMEs. The Group mainly provides five types of financing services, including (1) financial guarantee services, (2) pawn loan services, (3) finance lease services, (4) entrusted loan services and (5) financial consultation services. The Group has been granted a money lender's licence in Hong Kong during November 2014 and has also commenced distressed asset management business in January 2015. The Group has continued to report remarkable business results. Its annual income and profit in 2014 soared by 55.2% and 81.5% respectively. The Group is seeking to develop new businesses such as P2P loans and internet microfinance to broaden its income stream. Differ Group was listed on the GEM Board of the Stock Exchange of Hong Kong on 9 December 2013. Please visit its website: http://www.dfh.cn/
Source: Differ Group Holding Company Limited
Contact:
Strategic Financial Relations Limited Heidi So +852 2864 4826 heidi.so@sprg.com.hk Janet Fong +852 2864 4817 janet.fong@sprg.com.hk Angel Li +852 2864 4859 angelok.li@sprg.com.hk Fax: +852 2804 2789 / +852 2527 1196
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