The first one-stop international payment platform

The first one-stop international payment platform

RMB cross-border settlement Concept Refers to the transfer of monetary funds between Chinese domestic and foreign receiver / payers by a third-party payment institution designated by the People's Bank of China and qualified for RMB cross-border settlement. Enterprise funds in the territory, outside the allocation or transfer, the RMB as a settlement, not affected by Chinese government foreign exchange control. Currently, cross-border renminbi settlement is a two-way payment, including domestic and overseas payments to the territory. Best Prices Saving on settlement costs 30%70% 100% Safe Funds subject to supervision by the People's Bank of China Advantages Fastest T + 0 Accelerate your billing Speed up settlement Improve efficiency in the use of corporate funds

RMB cross-border settlement Requirements Two-way Payment Outbound Inbound Business Trade in goods Trade in services Documentation Trade contracts; or Invoices / packing slips Settlement Category B2B B2C C2B

RMB cross-border settlement One-stop two-way cross-border payment Chinese domestic E-Commerce customers Banking partners Payment platform Foreign customers

RMB cross-border settlement Rules Support Service class trade payments; Goods class trade payments Currency Renimbi (RMB convertible to foreigh currencies) Payment Cross-border payment (Internet, mobile terminal payment services) Merchant Real-name system; merchant verification (exclusive contracts)

RMB cross-border settlement Trade in goods: Trade contracts, Declarations Trade in services: Trade contracts, invoices Chinese domestic businesses to provide the following basic information: A copy of business license Organization code certificate copy Identification of the legal representative Access Data Overseas businesses to provide the following basic information: BR Business license CI company registration certificate Director or legal person-related identity

RMB cross-border settlement Range of services 1) Cross-border Electricity Merchants RMB Revenue and Expenditure. 2International transport cross-border RMB revenue and expenditure. 3International tourism RMB revenue and expenditure. 4) Other services: Cross-border games, Outbound Business, import and export settlement, cross-border education, exhibitions, construction and installation of labor contracts and other services trade or goods trade projects.

1) Business regulation Regulatory Authority: Platform Compliance payment institutions by the Chinese People's Bank Supervision, People's Bank of China is responsible for the policies, rules and supervision of cross-border renminbi business. Settlement Banks: China CITIC Bank, CITIC Bank (Hong Kong), Industrial and Commercial Bank of China (ICBC), ICBC Asia, responsible for cross-border business provision for supervision, payment. Platform compliance payment institutions for each transaction to the People's Bank of China to trade authenticity (contract, transaction details) to declare, The PBOC management system keeps a record of each declared transaction. 2) Cross-border business categories By transaction object: B2B, B2C,C2B By transaction subject: Goods, Services According to the flow of funds: Outbound, Entry (Type of goods trade: Trade in goods, processing trade, etc.) (Type of service trade: Transportation, business travel, consulting, performance, etc.)

Business process Cross-border business can provide cross-border solutions for mainland Chinese merchants and individuals, and overseas mrechants, mainly in the following forms: Outbound payments China Overseas B2B C2B C2B Chinese domestic merchant payments to overseas businesses Chinese domestic invididual payments to overseas businesses Overseas businesses to collect Chinese domestic individual payments Payments for entry Overseas China B2B B2C Overseas business payments to Chinese domestic merchants Overseas businesses make payments to Chinese domestic individuals

Business advantages 1. Large payments: Outbound 500-800 million RMB / day, Entry 800-1500 million RMB / day. 2. Financial security: The merchant funds are transferred to the reserve account of the compliant payment institution, and the reserve account is subject to the supervision of the People's Bank of China. 3. Fast settlement: The fastest cross-border settlement can be achieved T +0. 4. Simple procedure: Businesses only need to provide the appropriate contracts and information.

Y -CN D -CA D -AU D -NZ Y -JP B -TH K -SE R -ID K -NO P -PH D HK - R EU - SGD - K -DK D US - P GB - W KR - F -CH 150 Currencies

RMBpay payments and bank foreign currency settlement comparison: Regulatory Applicable Authority Declaration procedures Cross border currency RMBpay (renmimbi) People 's Bank of China Cross-border RMB settlement pilot management approach Contracts, customs declarations, invoices Renminbi Bank (foreign currency settlement) State Administration of Exchange F oreign Exchange Control Foreign Regulations Customs / commodity inspection / tax formalities complete Foreign currency Settlement currency F oreign currency / Renminbi Foreign currency / Renminbi Business category Exchange rate S ervice trade category, Trade goods category UnionPay International Standard Exchange Rates Trade goods category Banks Custom floating exchange rate Settlement time Fastest T + 0 Greater than T+ 1

RMBpay cross-border settlement payment differences: Project RMBpay Bank (foreign currency settlement) Regulatory Authority Forex formalities Quota Reductive declaration People s Bank of China Without foreign exchange write-off No Limit No State Administration of Foreign Exchange (SAFE) Implementation of foreign exchange verification system Each person USD $10,000 / UPT, USD $50,000 / per anum; Corporate censorship by SAFE Transaction information is requested to be declared on a case-by-case basis B2B business Online and offline operation Most internet payment operations Refund Same way refund Same way refund, Same currency refund, Forex refund declaration

Information Process Chinese domestic and overseas merchant information is collected by RMBpay and provided to an appropriate payment organisation according to the type of customer s business. Chinese domestic client information People 's Bank of China Payment agencies Overseas client information The payment institution shall make a declaration to The People s Bank of China. RMBpay Application time: Small amount 1-3 days Large amount 3-5 days

Payment Process B2B (Chinese domestic outbound payments) process Chinese domestic merchants funds Chinese domestic funds into reserve account Cross-border reserve account Chinese domestic funds into reserve account Overseas bank settlement account Remittance to overseas accounts Applies to all services on this platform

C2B (Outbound payment collection) process Card holders bank Payment amount instantly deducted, Payments to the payment institution Cross-border reserve account RMB cross-border settlement Overseas bank settlement account Remittance to overseas accounts Applicable Businesses: 1) International Education: Tuition Fees 2) Services Consulting: Lawyer consulting, information consultation 3) International Exhibition 4) International Healthcare

C2B (Outbound payment - payment) process Chinese domestic merchants funds Chinese domestic funds into reserve account Cross-border reserve account RMB cross-border settlement Overseas bank settlement account Remittance to overseas accounts Applicable Business: 1) International Education: Tuition fees 2) Consulting services: Lawyer consulting, information consultation 3) International Exhibition 4) International Healthcare

B2C (Outbound payments) process Chinese domestic people s funds Chinese domestic funds into reserve account Cross-border reserve account RMB cross-border settlement Overseas bank settlement account Remittance to overseas Personal accounts Applicable business: 1. Trade commission 2. Business income

B2B (Inbound domestic payments) process Remittance of foreign businesses Money into reserve account Cross-border reserve account RMB cross-border settlement Chinese bank settlement account Remittance to Chinese business accounts Applicable to all services on this platform

B2C (Inbound payment) process Remittance of foreign businesses Money into reserve account Cross-border reserve account RMB cross-border settlement Chinese bank settlement account Remittance to Chinese personal accounts Applicable business: 1. Trade commission 2. Business income