Ruihe Data Technology Holdings Limited Announces Major Strategic Cooperation Agreement with JHD Technologies Limited

Date: 23 April 2026

Key Highlights

• Strategic Partnership Formed: Ruihe Data Technology Holdings Limited (“Ruihe” or “the Company”) has entered into a significant strategic cooperation agreement with JHD Technologies Limited (“JHD”), a leading fintech and merchant services provider.
• Major Revenue Commitment: JHD and its controlled entities have committed to generating a minimum of RMB 450 million (excluding tax) in cumulative cooperation business revenue for Ruihe from the date of the agreement until 31 December 2028.
• Long-Term, Comprehensive Collaboration: The agreement aims to develop next-generation digital solutions for the financial and pan-financial services sectors, leveraging advanced data-driven and artificial intelligence (AI)-native approaches.
• Notable Investors in JHD: JHD’s controlling shareholder is an Anglo-American family trust, and previous funding rounds have included high-profile institutional investors such as SoftBank International, Deutsche Bank, and Oracle Corporation.
• Areas of Cooperation: The partnership will focus on data-driven marketing and operational solutions, AI-enabled solutions for financial services, integrated technology infrastructure, and expansion of digital ecosystems.
• Regulatory Clarity: The agreement does not constitute a notifiable or connected transaction under the Hong Kong Listing Rules, and both parties are confirmed to be independent third parties.

Detailed Overview

Ruihe Data Technology Holdings Limited has announced the signing of a strategic cooperation agreement with JHD Technologies Limited. This move marks a pivotal development in Ruihe’s business strategy as it seeks to broaden its technological capabilities and reinforce its position in the evolving fintech landscape.

JHD Technologies, known for its mature technology platform, extensive bank partnership network, and robust intellectual property portfolio, specializes in providing fintech and merchant services across small and medium-sized cities and counties. The company is supported by an impressive roster of backers, with its controlling shareholder being an Anglo-American family trust, and previous financing from blue-chip firms such as SoftBank International, Deutsche Bank, and Oracle Corporation.

The newly signed agreement outlines a clear commitment: JHD and its subsidiaries will endeavor to generate at least RMB 450 million in cumulative business revenue for Ruihe over the course of the partnership, which extends through the end of 2028. This substantial revenue target is likely to have a direct and positive impact on Ruihe’s future earnings and growth trajectory, making the news highly relevant and potentially price-sensitive for shareholders and investors.

The collaboration is set to focus on several high-growth and innovative areas, including:

• Developing data-driven marketing and operational solutions.
• Building AI-enabled solutions tailored for the financial services sector.
• Creating integrated technology infrastructure and system solutions.
• Expanding digital ecosystems and optimizing data resource utilization.

Both Ruihe and JHD aim to leverage their respective technological and experiential strengths to upgrade business structures and establish new growth drivers. The partnership is framed as a “comprehensive and long-term strategic partnership,” indicating the parties’ intention to work closely on joint technology development, application integration, and sharing of commercial resources.

Importantly, the Board of Ruihe has clarified that the transaction falls within the ordinary and usual course of business, and is not expected to trigger any notifiable or connected transaction requirements under the Hong Kong Stock Exchange Listing Rules. Both companies and their ultimate beneficial owners are independent of each other and of any connected persons of Ruihe.

What Shareholders Should Know

• Potential Impact on Share Price: The significant revenue commitment, coupled with the partnership’s focus on advanced AI and fintech solutions, positions Ruihe for considerable business growth and may positively affect its share value.
• Strategic Growth: This collaboration is expected to optimize Ruihe’s business structure and create new long-term growth opportunities, aligning with global trends in digital finance and AI-driven business models.
• Independent Third Parties: There is no immediate risk of related-party transactions or conflicts of interest, providing further reassurance to investors regarding governance and transparency.
• Caution Advised: Despite the positive outlook, shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company, as the partnership’s long-term outcomes remain subject to execution and market conditions.

Leadership and Governance

The board of Ruihe comprises a mix of executive, non-executive, and independent non-executive directors, led by Chairman Xue Shouguang. This diverse leadership team is expected to provide robust oversight and strategic direction as the company embarks on this new chapter.

Conclusion

The strategic cooperation agreement between Ruihe Data Technology Holdings Limited and JHD Technologies Limited represents a major development in Ruihe’s ongoing transformation and growth strategy. The substantial revenue target and the focus on cutting-edge digital and AI solutions make this announcement highly relevant and potentially price-moving for investors.

Disclaimer: This article contains forward-looking statements based on currently available information and the Company’s announcements. Actual results may differ due to a variety of factors, including market conditions, execution risks, and regulatory changes. Investors are advised to exercise their own judgment and consult professional advisers before making investment decisions.

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