Lajin Entertainment (8172) Announces Ant Toolbox Partnership Authorization and Continues Trading Suspension

Bulletin Express
02/02

Lajin Entertainment Network Group Limited (8172) announced that its subsidiary, Beijing Lajin Zhongbo Technology Limited (Lajin Zhongbo), has obtained authorization from Ant Cloud Communication (Shanghai) Information Technology Company Limited (Ant Cloud), a subsidiary of Ant Group, to serve as an “Ant Toolbox Official Partner Service Provider.” This authorization remains valid until 20 November 2026, and management believes it will contribute meaningfully to the Group’s new media business.

Lajin Zhongbo and Ant Cloud have also entered into a three-year Framework Cooperation Agreement for Cultural Tourism Intelligence Market Development, focusing on advancing an intelligent cultural tourism SaaS platform built around the “Amber PASS Card.” This platform integrates blockchain, encryption, and internet audiovisual capabilities while offering “Tap” technology in the cultural tourism sector. Ant Cloud, meanwhile, provides cloud computing and AI large-model support. Both parties plan to co-develop system-level technology integrations and innovate marketing models to promote digitization in cultural tourism.

At the “Friends, Let’s Tap – Alipay Offline Payment Partners Conference,” Lajin Zhongbo received two accolades: “2025 Alipay Digitalization Pioneer in Commercial Districts” and “Alipay Annual Best Partner – Top Tap Friend.” These awards underscore the ongoing collaboration between Lajin Zhongbo and Alipay, highlighting the performance of the “Amber PASS Card” in payment and marketing applications across diverse environments, including sports venues, commercial districts, and events. Its NFC “Tap” functionality is designed to integrate offline traffic and strengthen new media business initiatives.

Trading in Lajin Entertainment’s shares has been suspended since 9:00 a.m. on 13 November 2025 and will remain suspended until further notice. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.

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