Asset Chain Limited Announces Strategic Cooperation on Loan Financing with Jiezhou and Gortune

Key Highlights

• Asset Chain Limited has entered into a memorandum of cooperation with Shenzhen Jiezhou Technology Company Limited (“Jiezhou”) and Gortune International Investment Holding Limited (“Gortune”).
• The partnership aims to jointly explore business opportunities in loan financing, leveraging Asset Chain’s experience and Jiezhou’s advanced technology, especially in AI-driven risk control for cross-border supply chain financing.
• Jiezhou is backed by a major shareholder which is a subsidiary of Ant Group, enhancing the credibility and potential technological advantage of the cooperation.
• The cooperation will focus on providing loan financing to cross-border e-commerce enterprises and foreign trade suppliers, based on risk assessments conducted by Jiezhou’s AI models.
• The memorandum is not legally binding at this stage, and there is no guarantee that a formal agreement will be executed.

Detailed Cooperation Framework

1. Parties Involved:
   • Asset Chain Limited (the “Company”)
   • Shenzhen Jiezhou Technology Company Limited (“Jiezhou”)
   • Gortune International Investment Holding Limited (“Gortune”)
2. Nature of Cooperation:
   • The three parties seek to establish a strategic partnership to provide loan financing services to borrowers introduced by Jiezhou, particularly targeting cross-border e-commerce and foreign trade suppliers.
   • Jiezhou will utilize its proprietary AI risk control model to review and assess the creditworthiness and risk profile of potential loan borrowers, after which Asset Chain and/or Gortune may provide loan financing based on these assessments.
   • The AI risk control model is trained on comprehensive data, including historical transactions, buyer credit data, logistics information, and industry risk indicators, with the goal of thoroughly assessing the authenticity of accounts receivable, solvency, and overall financial position of applicants.
3. Strategic Advantages:
   • Asset Chain brings professional experience in loan financing to the table.
   • Jiezhou, with its expertise in data integration and AI-driven risk assessment, is expected to enhance the accuracy of credit and risk evaluation, potentially lowering default rates and improving loan portfolio quality.
   • Gortune, based in the British Virgin Islands, contributes additional financial resources and experience in investments related to technological innovation and green development sectors, including new energy, life sciences, agricultural modernization, and high-end manufacturing.

Implications for Shareholders and Potential Price Sensitivity

• Potentially Price Sensitive: The collaboration, especially with Jiezhou’s Ant Group-backed shareholder and the use of advanced AI models for risk control, positions Asset Chain to access new and potentially high-growth market segments in cross-border supply chain financing.
• Growth Opportunity: If successfully executed, this cooperation could materially expand Asset Chain’s business scope, improve credit risk management, and enhance revenue streams from cross-border loan financing.
• Uncertainty and Risk: It is crucial to note that the current memorandum is not legally binding. There is a risk that the cooperation may not proceed to a formal agreement or actual business activities. Investors should be cautious and not assume certainty of future financial impact until a binding agreement is disclosed.

Corporate Governance and Board Statement

The Board of Directors believes that this cooperation leverages the strengths of all parties and is in the best interest of the Company and its shareholders. They emphasize, however, that the cooperation remains at an intent stage and no legally binding agreement has been signed.

Conclusion

The announcement marks a potentially significant step for Asset Chain Limited in the loan financing sector, especially in the rapidly developing field of cross-border trade and supply chain financing. The involvement of an Ant Group-linked technology partner and a diversified investor like Gortune may provide the Company with a competitive edge, subject to the successful completion of definitive agreements.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. The cooperation is currently at the memorandum (intent) stage and may or may not materialize into a binding agreement or operational results. Investors should exercise caution and consult their own advisers before making investment decisions related to Asset Chain Limited.

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