[Hong Kong, September 27, 2022] – SY Information Technology Services (Shenzhen) Co., Ltd. ("SY Tech"), a fully-owned subsidiary of SY Holdings Group Limited ("SY"; Stock Code: 6069.HK), has entered into a strategic cooperation agreement with CCCC (Xiamen) E-Commerce Co., Ltd. ("CCCC E-Commerce"), a subsidiary of China Communications Construction Company Limited ("CCCC"; Stock Code: 1800.HK). The partnership will focus on supply chain digital finance, supplier credit evaluation systems, and smart construction site solutions.
CCCC ranks as the world's 60th largest company on the Fortune Global 500 and maintains a 17-year consecutive "Grade A" performance record under SASAC's assessment. As CCCC's flagship digital transformation platform, CCCC E-Commerce has onboarded over 100,000 suppliers with cumulative transaction volume exceeding RMB 800 billion.
（CCCC Merchant Cloud Official Website）
Under this agreement, SY Tech will combine its advanced big data analytics and AI capabilities with CCCC E-Commerce's platform data to develop data-driven credit evaluation models, enhancing risk management while delivering customized digital financing solutions for CCCC's upstream suppliers. The collaboration will also implement smart construction site technologies to enable real-time data collection and intelligent analysis, accelerating CCCC's digital transformation.
（SY Smart Construction Site Command Center）
This partnership represents a breakthrough in overcoming traditional supply chain financing challenges. By accessing authentic transaction data in real-time, SY Tech's innovative approach reduces reliance on core enterprise confirmation while streamlining approval processes - significantly cutting suppliers' financing application time and increasing credit availability. The integration of financing services directly into CCCC E-Commerce's platform will provide "order-based" and "delivery-based" financing options precisely when suppliers need working capital most.
（“订单融”和“货到融”申请入口）
As a national high-tech enterprise specializing in industrial internet and digital finance, SY Tech expects this cooperation to generate nearly RMB 10 billion in incremental digital financing business while strengthening its smart construction site operations and risk management capabilities through access to real transaction data.
Looking ahead, both parties plan to deepen their collaboration by leveraging big data applications to address diverse financing needs across CCCC's supply chain ecosystem, creating mutual value in infrastructure digital finance.
