On March 28, 2024, Lianlian DigiTech Co., Ltd. (“Lianlian", 2598. HK) announced its initial public offering of overseas shares (H shares) and successful listing on the Main Board of the Stock Exchange of Hong Kong Limited. Zhong Lun assisted Lianlian in preparing a complete set of filing documents, including the listing filing report and legal opinion, helping Lianlian become the first market player in the third-party payment industry to complete the CSRC overseas listing filing.

Zhong Lun served as the PRC counsel for Lianlian, providing legal services throughout the client’s H shares’ issuance and full circulation. Zhong Lun partners Zhong Zhang, Yiwen Chen, and Jia Liu headed the project, and team members also included associates Yifei Zhang, Xiaobao Chang, Yingkui Wu, etc. Furthermore, Zhong Lun partners Catherine Chen and Shaun Gao provided enormous support. Zhong Lun partner Jihong Chen and non-equity partner Jian Chen provided professional advice on data outbound transfer and other data compliance matters.

Lianlian is committed to providing a wide range of payment solutions on a global scale. As a non-bank payment institution, Lianlian offers digital payment solutions comprising digital payment services and value-added services to merchants (mainly retail businesses transacting through e-commerce platforms with end-buyers) and enterprises (businesses which directly sell goods or provide services to end-buyers such as companies and institutions). These digital payment services primarily include pay-in, pay-out, acquiring, foreign exchange, virtual card, and payment aggregation. In respect to the technology services, Lianlian provides account, e-wallet, and software development services. As of December 31, 2023, Lianlian has established global license layout consisting of 64 payment licenses and relevant qualifications and is able to serve customers by virtue of its global and regional e-commerce platforms that cover over 100 countries and regions and support transactions in over 130 currencies.