

Statement of Leaving Employee
The following employees have submitted their resignations to the Company on the dates indicated below, they are resigning from any position within the Company.

Official Statement
Defamatory and untrue statements against BBMSL Limited

BBMSL Limited Official Statement
Recently, BBMSL Limited (“BBMSL” or “Company”) has repeatedly received enquiries from our merchants that certain institutions are maliciously spreading false information about our Company, attempting to induce our existing merchants to switch to competitors for gaining their profit from it. Our Company hereby makes a solemn declaration that all false statements circulating in the market are completely groundless and inconsistent with the facts, these actions are treated as unethical competition and interference of market order. Regarding maliciously damage to our Company’s reputation, we do not tolerate any attempt to undermine fair market competition through improper means, and strongly condemn the relevant parties while reserving our right to pursue all legal liabilities.

EN BBMSL 與 Yedpay HK 強勢聯手推出全新品牌「AbbyPay」 以支付科技賦能本地商戶,共創亞太市場新格局
金融雲支付處理及收單機構交易寶有限公司The Payment Cards Group Limited(「PCG」)與樋熥商戶服務有限公司Black Bear Merchant Services Limited(為BBMSL Limited「BBMSL」之控股公司)欣然宣佈共同簽署成立全新策略聯盟,建立新品牌及集團控股公司ABBY Pay&Tech Holdings Limited(「AbbyPay」),全資持有BBMSL及Yedpay HK。AbbyPay將借助PCG所持有的Visa、Mastercard、美國運通、銀聯和JCB直接授權的收單行(Acquirer)身份,結合亞洲首個金融雲電子支付處理和結算平台A3A及BBMSL強大客戶基礎,加強為香港及其他地區商戶提供電子支付收款服務。這次策略聯盟除了提升市場佔有率,覆蓋本地商戶達至50,000,以多個品牌服務市場不同要求,同時亦加速以支付科技賦能本地商戶,整合本地支付行業。

EN BBMSL Announces FY 2025 Transaction Volume Targets Alongside Plans for Upcoming Plan to Go Public and Growth
Black Bear Merchant Services Limited (“BBMSL”), a pioneering payment service provider in SME payment market, today announced an ambitious transaction volume target of $16.2 Billion HKD for Fiscal Year ending 31 March 2025. This projection is a cornerstone of BBMSL’s strategy for operational excellence and growth, coinciding with the company’s plan of going public within the next 24 months.

EN BBMSL & China Rongzhong Announces Strategic Joint Venture and Financing Initiative Partnership sets to enhance commercial credit management services and expand SME financing solutions
Hong Kong – 26th February 2024 – BBMSL Limited (“BBMSL”) is pleased to announce a significant development in its strategic growth initiatives. In collaboration with China Rongzhong Financial Holdings Company Limited (“China Rongzhong”) (03963.HK), has formalized the establishment of a joint venture. This partnership is focused on the joint development of commercial credit management services, with the collaborative efforts in the realm of small and medium-sized business merchant loans and merchant cash advance services, with BBMSL holding a 49% equity stake.

EN 5.6% and 9.9% Growth in Food & Catering Business and Retail in Q3 2023 BBMSL Collaborates with Listed Co. in Hong Kong and Taiwan to Launch BBHub to Alleviate SME Pressure
BBMSL, a leading fintech payment service provider in Hong Kong, announced today during the Hong Kong Fintech Week 2023 exhibition that in response to the slow recovery of SMEs post-pandemic, it has officially launched its revolutionary service BBHub to ease the operational pressure on its SME customers. Serving over 13,000 SMEs across Hong Kong, with retail and catering customers making up over 50% of its clientele, BBMSL’s internal data for the third quarter indicates a sluggish growth in the restaurant and retail industries post the government’s consumption voucher campaign, with a 5.6% increase in the catering business and a 9.9% increase in retail compared to the second quarter. In September 2023, consumption amounts via WeChat Pay, Alipay, and Octopus showed a significant decline of 25%, 24%, and 20%, respectively, compared to August 2023.
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