Lianlian DigiTech Co., Ltd. announced that the Company has been granted the Electronic Money Institution License ("EMI License") by the Commission de Surveillance du Secteur Financier of Luxembourg. Acquiring a Luxembourg EMI License marks another significant milestone in Lianlian DigiTech's global growth story. The EMI License enables Lianlian DigiTech to broaden its services throughout Europe, augmenting its existing capabilities in fund collection and VAT processing for e-commerce merchants.

The Company is now poised to provide fund storage and withdrawal services, facilitating the Company's clientele to further expand in Europe. Furthermore, this development fosters partnerships with other industry leaders in the provision of comprehensive cross-border financial services, including e-wallets and currency exchange solutions.