As expected for me. Still need time for bank contracts to come...

As expected for me. Still need time for bank contracts to come through as per notes to last 4C.

However of more interest is point 2 in the notes:

1. FTC has achieved positive operating cash flows for the nine months period ended 31 December
2019 of approximately RMB 3.6 million. Cash receipts of RMB 28.5 million from customers during
that period included RMB 26.9 million from T-LinxTM integrated payment business system
services, sales of digital POS machines together with systems integration & peripheral services.
The adoption of T-LinxTM by China Merchant Bank and Rural Credit Bank’s customers after the
recent successful rollout programme, FTC increased coverage in more industries and provinces in
China under Rural Credit Bank. This is expected to lead to increased aggregate transaction
volume through the Bank-Merchant network at both provincial and city/country levels.

2. In Dec 2019, FinTech Chain Limited (FTC) has signed a strategic T-LinxTM payment services
contract with Bank of Communications Co., Ltd. (BCM), one of the tier 1 state-owned banks in
China. This contract extends the reach of FTC’s patented T-LinxTM payment services to another
state-owned bank in China. Upon this contract, FTC and BCM will jointly develop the acquiring
market. Under the agreed terms, FTC is entitled to receive service fees according to transaction
volume (paid by Union Pay, Wechat Pay and Alipay) and account deposit returns.