Some highlights..Revenue from ordinary activities up 40.3% to...

Some highlights..

Revenue from ordinary activities up 40.3% to 24,966
Profit after tax for the period up 250.6% to 3,057
Profit for the period attributable to owners of the Company up 278.6% to 3,225

Revenue
Revenue increased from RMB17.8 million for the six months ended 30 September 2019 to RMB 25.0
million for the six months ended 30 September 2020. During the financial period, it increased sharply was
due to increasing acceptance of T-LinxTM PaaS Middleware, new bank client’s services agreement is
signed in last year and the sale of point-of-sale machines and hardware is increased.
We expect revenue to grow further in the second half of the financial year.

The adoption of T-LinxTM PaaS middleware by Rural Credit Bank’s customers after the recent successful
rollout programme has lead to FTC’s T-LinxTM coverage in a greater number of industries and provinces
in China. This will lead to increased aggregate transaction volume through the Bank-Merchant network at
the provincial, and city/country level. It is now processing up to 20 million daily transactions.
FTC considers this traction is a good start of continuous growth of FTC revenue for the remainder of the
financial year 2020 and will gain further traction during the roll out of the rest Rural Credit Banks.

4. Mr. Xiong Qiang and Mr. Chow Ki Shui, being major shareholder in the Company, will provide
additional funding to the Company if required, and they will not demand repayment of amount owing
to them until after the Company’s cashflow situation improves;


Anyways, next quarter should be a bloody ripper. Back to sleep for now.. zzzz