Goldpac invests in Sichuan Zhongruan Technology Limited
Accelerates software and platforms operations expansion

On August 13, 2015, Goldpac (3315.HK) announced that it has officially entered a Capital Investment Agreement with CS&S (600536. SH) and other parties, investing a total of RMB29.2 million to acquire 19.68% equity interests of Sichuan Zhongruan Technology Limited (SCZR) to become the second largest shareholder after CS&S. This investment takes the Goldpac one step further towards expanding its payment ecosystem software and platform operations, and accelerates its strategic plans for the development of its smart city project. This move also capitalizes on the massive emerging potential this market represents in the future.

This investment is also highly complementary to Goldpac's core strategic positioning as a "Service and Platform Provider", and kicks-off a comprehensive cooperation with China National Software & Services Co Ltd.(CS&S), further directing Goldpac's operations towards software expansion. Under the new Internet+ economic model, smart payment is the key element that links the different components within the smart ecosystem to usher in government services, transport, health, education, smart city, intelligent home and other domain expansion opportunities. As a key member of CS&S (Shanghai Stock Exchange:600536), SCZR is focused on the development of the smart city and posses a "first mover advantage" through its leading development in smart living and related software, platform research and development, solutions development, cloud computing development, top level smart city design PAAS development, SAAS and other aspects of application development. On the other hand, as a pioneer in the secure payment industry, Goldpac is focused on providing systems and platforms, embedded software and secure products, personalisation services as well as complete solutions centered around smart transactions. Its professional and technical strengths, high levels of security, comprehensive product portfolio, extensive industry experience and well established customer base in financial, social security, transport, health, retail, identity verification and related domains, will play a vital role in its joint cooperation with SCZR and the development of the smart city project.

Goldpac will cooperate with SCZR on, amongst others, technical, research and development, marketing, and product development. This allows for the leveraging of synergistic opportunities in the Internet+ that will aid in the development of the smart city through Big Data, cloud computing, online payment, Trusted Services technology, Online To Offline (O2O), and related domains. This integrated development and innovation in smart city operations further improves the smart city ecosystem and will help realize the successful transition, replication and expansion of successful pilots to other regions and industries.

In the future, Goldpac will continue to adhere to its combined strategy for the development of organic growth and rapid expansion. It will secure both its leadership and its core competitive advantages in the smart payment industry through mergers and acquisition, focusing on mobile payments, internet finance, smart living, smart city and other project expansions, to create a wide range of development platforms that provide a strong impetus for the long-term and sustainable development of the enterprise.

Note: About CS&S (600536. SH)

Undetaking the honorable repoisbielities of "China National Software Team", China National Software and Service Co., Ltd (CS&S) is a high-tech public-listed software company and a key subsidiary of China Electronics Corporation (CEC), which is also our majority shareholder. As the forerunner in China software industry, CS&S is committed in providing proprietary system software, secure software, platform as well as specific solutions and services. In 2004, CS&S was successfully listed and traded in Shanghai Stock Exchange (CS&S, 600526.SH).

For more information, please refer to:
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Goldpac WeChat Account: 金邦达
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Goldpac Website: www.goldpac.com