FOSUN INTL (00656) has announced that on February 4, 2026, its indirect wholly-owned subsidiary, Zhejiang Fosun Commercial Development Co., Ltd. (Fosun Commercial Development), entered into a Capital Increase Agreement with Zhejiang Shangmeng Technology Co., Ltd. (Shangmeng Technology), Yadong Xingchen Venture Capital Co., Ltd. (Yadong Xingchen), and Ningbo Meishan Bonded Port Area Tongfu Enterprise Management Partnership (Ningbo Tongfu). Fosun Commercial Development has agreed to subscribe for the newly increased registered capital of Shangmeng Technology with a cash investment of RMB 105 million, corresponding to a 51.0879% equity stake in Shangmeng Technology post-investment.

As of the date of this announcement, Shangmeng Technology holds a 100% equity interest in Shangmeng Pay. Shangmeng Pay possesses core operational licenses, including a Chinese Payment Business Permit and a Cross-border RMB License; its payment business permit authorizes the operation of Stored Value Account Operations Category I and Category II (within Zhejiang Province and Shanghai). Furthermore, Shangmeng Technology holds a Hong Kong Money Service Operator license, creating synergies with Shangmeng Pay's domestic payment system to jointly build a financial-grade, integrated domestic and cross-border payment system.

Shangmeng Pay offers global clients comprehensive payment and collection solutions, with its cross-border payment services covering areas such as cross-border e-commerce, international trade, and cross-border business travel. Domestically, its payment scenarios encompass cultural tourism, consumer finance, and new retail, demonstrating a solid business foundation and strong growth potential. Through this capital increase, the Company can participate in the future growth of Shangmeng Technology, while also leveraging the synergies between Shangmeng Technology and the Group's online and offline ecosystem to connect various domestic and cross-border business scenarios.