XTransfer and Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch Sign the Strategic Agreement at Hong Kong FinTech Week

Co-building Global Trade Finance Infrastructure

HONG KONG SAR - Media OutReach Newswire - 4 November 2025 – XTransfer, World's Leading B2B Cross-Border Trade Payment Platform and Shanghai Pudong Development Bank Co Ltd., Hong Kong Branch, jointly announced a collaboration on cross-border financial services and reached a strategic cooperation intention. The two parties aim to develop a strategic partnership focused on core capabilities, including payment and collection solutions and transaction processing. This collaboration will provide SMEs engaged in foreign trade with more secure, efficient, and convenient services for global payments and collections, and cash management.

Following the strategic partnership signed between XTransfer and SPD Bank Shanghai Branch in August this year, XTransfer is once again joining hands with SPD Bank. Coinciding with Hong Kong FinTech Week 2025, Bill Deng, Founder and CEO of XTransfer, and Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch witnessed the official signing of a memorandum of cooperation at the XTransfer booth.

XTransfer and Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch are engaging in deep cooperation across multiple cross-border payment areas. Leveraging SPD Bank's robust network and service capabilities through its Hong Kong branch, services such as "Global Accounts", "Local Currency Accounts", transaction processing, and cash management will be provided to XTransfer's more than 700,000 clients. This ensures that XTransfer customers can efficiently and compliantly receive payments from global buyers through SPD Bank's ecosystem. The two parties will initially focus on cooperation in the Chinese Mainland and the Hong Kong SAR, and as collaboration deepens, plan to expand to more regions.

Bill Deng, Founder and CEO of XTransfer, said: "We are delighted to collaborate with Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch. By combining SPD Bank's expertise and resource advantages in cross-border finance with XTransfer's global network and technological capabilities, we can further strengthen end-to-end transaction processing and compliance governance, providing SMEs with integrated cross-border financial infrastructure to support compliant operations and global expansion."

Mr. Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch said, "SPD Bank will continue to collaborate closely with XTransfer, aiming to enhancing our cross-border financial service system, providing more convenient and reliable financial support for Chinese enterprises expanding globally."

Looking ahead, the two parties will continue to deepen cooperation in areas such as local accounts, multi-currency settlement, compliance and risk control system development, and interconnection of global payment and collection networks, promoting innovation and enhancing China's foreign trade finance ecosystem, allowing SMEs to access cross-border financial services comparable to those offered to large multinational corporations.
Hashtag: #XTransfer #SPDBank #HKFTW #Crossborder #Payment #SMEs

https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn
https://x.com/xtransferglobal
https://www.facebook.com/XTransferGlobal/
https://www.instagram.com/xtransfer.global

The issuer is solely responsible for the content of this announcement.

HONG KONG SAR - Media OutReach Newswire - 4 November 2025 – XTransfer, World's Leading B2B Cross-Border Trade Payment Platform and Shanghai Pudong Development Bank Co Ltd., Hong Kong Branch, jointly announced a collaboration on cross-border financial services and reached a strategic cooperation intention. The two parties aim to develop a strategic partnership focused on core capabilities, including payment and collection solutions and transaction processing. This collaboration will provide SMEs engaged in foreign trade with more secure, efficient, and convenient services for global payments and collections, and cash management.

Following the strategic partnership signed between XTransfer and SPD Bank Shanghai Branch in August this year, XTransfer is once again joining hands with SPD Bank. Coinciding with Hong Kong FinTech Week 2025, Bill Deng, Founder and CEO of XTransfer, and Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch witnessed the official signing of a memorandum of cooperation at the XTransfer booth.

XTransfer and Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch are engaging in deep cooperation across multiple cross-border payment areas. Leveraging SPD Bank's robust network and service capabilities through its Hong Kong branch, services such as "Global Accounts", "Local Currency Accounts", transaction processing, and cash management will be provided to XTransfer's more than 700,000 clients. This ensures that XTransfer customers can efficiently and compliantly receive payments from global buyers through SPD Bank's ecosystem. The two parties will initially focus on cooperation in the Chinese Mainland and the Hong Kong SAR, and as collaboration deepens, plan to expand to more regions.

Bill Deng, Founder and CEO of XTransfer, said: "We are delighted to collaborate with Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch. By combining SPD Bank's expertise and resource advantages in cross-border finance with XTransfer's global network and technological capabilities, we can further strengthen end-to-end transaction processing and compliance governance, providing SMEs with integrated cross-border financial infrastructure to support compliant operations and global expansion."

Mr. Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch said, "SPD Bank will continue to collaborate closely with XTransfer, aiming to enhancing our cross-border financial service system, providing more convenient and reliable financial support for Chinese enterprises expanding globally."

Looking ahead, the two parties will continue to deepen cooperation in areas such as local accounts, multi-currency settlement, compliance and risk control system development, and interconnection of global payment and collection networks, promoting innovation and enhancing China's foreign trade finance ecosystem, allowing SMEs to access cross-border financial services comparable to those offered to large multinational corporations.
Hashtag: #XTransfer #SPDBank #HKFTW #Crossborder #Payment #SMEs

https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn
https://x.com/xtransferglobal
https://www.facebook.com/XTransferGlobal/
https://www.instagram.com/xtransfer.global

The issuer is solely responsible for the content of this announcement.

XTransfer

XTransfer, world-leading B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in the Chinese Mainland, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide.

Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in Chinese Mainland, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia.

By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.

XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The company has a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.

For more information, please visit: https://www.xtransfer.com/

Shanghai Pudong Development Bank Co., Ltd. Hong Kong Branch

Shanghai Pudong Development Bank Co., Ltd. ("SPD Bank") was established with the approval of the People's Bank of China on August 28, 1992, and officially commenced operations on January 9, 1993. It has been listed on the Shanghai Stock Exchange since 1999 (Stock Code: 600000). Headquartered in Shanghai, SPD Bank is a nationwide joint-stock commercial bank.

In 2025, SPD Bank ranked 19th among the "Top 1000 World Banks" by The Banker (UK) and 10th among Chinese-funded banks in "The Brand Finance Banking 500". Fitch Ratings, Standard & Poor's Ratings and Moody's all gave SPD Bank investment grade rating or higher.

Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch officially commenced operations on June 8, 2011. It was the 149th licensed bank in Hong Kong at the time, the 8th Chinese-funded bank authorized to conduct the full spectrum of banking businesses in Hong Kong, and SPD Bank's first overseas branch.

The establishment of the Hong Kong Branch marked a milestone in financial cooperation between Shanghai and Hong Kong, as well as a significant step in SPD Bank's international expansion. Over a decade of development, the Hong Kong Branch has built a strong reputation and solid market presence through forward-looking strategies and professional services. Going forward, the Branch will continue to leverage Hong Kong's status as an international financial center–Hong Kong financial cooperation, adhering to the position of "Based in Hong Kong, Committed to the Mainland, oriented toward the World."

** The press release content is from Media OutReach Newswire. Bastille Post is not involved in its creation. **

Bill Deng, Founder and CEO of XTransfer (From the Left), and Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch (From the Right) witnessed the official signing of a memorandum of cooperation at the XTransfer booth.

BANGKOK, THAILAND - Media OutReach Newswire - 25 June 2026 - SCG, ASEAN's leading low-carbon cement manufacturer, co-hosted Cemtech ASIA 2026, a world-class conference and exhibition for the global cement sector held from June 14 to 17, 2026. Driven by a shared commitment to accelerating low-carbon transition and achieving Net Zero goals, industry executives and experts from across the world gathered to explore breakthrough innovations, expand business networks amidst global challenges, and navigate sustainable business transformations in response to tightening environmental regulations and resource conservation demands.

Mr. Surachai Nimlaor, President of SCG Cement and Green Solutions

At Cemtech Asia 2026, SCG demonstrated its commitment to advancing the cement industry through tangible low-carbon cement innovations. Mr. Surachai Nimlaor, President of SCG Cement and Green Solutions, stated:

"As the region's leader in the low-carbon cement industry, SCG is dedicated to developing breakthrough innovations that minimize resource consumption and maximize eco-friendliness. By steadily reducing carbon dioxide emissions, we directly address the evolving demands and adaptation challenges of the construction industry across ASEAN and global markets."

Alongside showcasing its cutting-edge LC3 low-carbon cement prototype at the exhibition, SCG hosted an exclusive site visit to its Ta Luang Cement Plant in Saraburi Province for global delegates. Key highlights of the showcase and tour included:

• SCG LC3 Structural Cement: Developed from limestone, calcined clay, and specialized additives, this next-generation low-carbon cement reduces CO2 emissions by up to 30–40%. Its production process incorporates up to 40% biomass alternative fuels (such as rice husks and straw) and over 35% renewable energy. This is achieved without compromising any product performance or structural integrity, with its environmental performance independently verified through an Environmental Product Declaration (EPD).
• Rondo Heat Battery: SCG has pioneered ASEAN's first installation of the Rondo Heat Battery at the Ta Luang Cement Plant. Developed in collaboration with Rondo Energy, this breakthrough thermal energy storage solution converts intermittent renewable power into high-temperature thermal energy, storing it at up to 1,500°C in thermal media. With an exceptional energy recovery efficiency of up to 97% and a lifespan exceeding 40 years, the system provides a continuous 24/7 supply of clean heat, supporting the decarbonization of industrial manufacturing processes.

• Refractory Solutions by The Siam Refractory Industry Co., Ltd. (SRIC): As a leading global refractory solutions provider, SRIC showcased its advanced technologies and innovative solutions designed to enhance operational efficiency, reliability, and sustainability, including:
  1. Anti-Hydration Brick: The world's first Anti-Hydration brick, extending shelf life from 6 to 24 months. This breakthrough innovation helps minimize material degradation, reduce production downtime, and improve overall operational efficiency.
  2. Thermal Media for Heat Battery: Co-developed with Rondo Energy, these high-performance heat storage blocks deliver up to 97% thermal efficiency, enabling reliable 24-hour energy availability and supporting the transition toward cleaner industrial energy solutions.
     • Solar Floating: Installed at the Ta Luang Cement Plant, this floating solar array generates 16.6 million kWh of clean electricity annually, cutting greenhouse gas emissions by over 8,000 tons of CO₂ equivalent per year. By repurposing the plant's industrial reservoirs, the system optimizes resource efficiency and highlights SCG's integration of green energy into heavy industry.

1. Anti-Hydration Brick: The world's first Anti-Hydration brick, extending shelf life from 6 to 24 months. This breakthrough innovation helps minimize material degradation, reduce production downtime, and improve overall operational efficiency.
2. Thermal Media for Heat Battery: Co-developed with Rondo Energy, these high-performance heat storage blocks deliver up to 97% thermal efficiency, enabling reliable 24-hour energy availability and supporting the transition toward cleaner industrial energy solutions.
   • Solar Floating: Installed at the Ta Luang Cement Plant, this floating solar array generates 16.6 million kWh of clean electricity annually, cutting greenhouse gas emissions by over 8,000 tons of CO₂ equivalent per year. By repurposing the plant's industrial reservoirs, the system optimizes resource efficiency and highlights SCG's integration of green energy into heavy industry.

• Solar Floating: Installed at the Ta Luang Cement Plant, this floating solar array generates 16.6 million kWh of clean electricity annually, cutting greenhouse gas emissions by over 8,000 tons of CO₂ equivalent per year. By repurposing the plant's industrial reservoirs, the system optimizes resource efficiency and highlights SCG's integration of green energy into heavy industry.

As co-host of Cemtech ASIA 2026, SCG reaffirmed its role as a trusted industry leader on the global stage. The event served as a major catalyst for expanding business networks and facilitating high-level technology and knowledge exchanges with world-class industry players. Moving forward, SCG is dedicated to cultivating global alliances to propel Thailand's cement industry toward a Net Zero pathway, solidifying its position as ASEAN's cement leader.

Watch the video:

CEMTECH ASIA 2026 | SCG Driving ASEAN's Cement Industry Towards Net Zero

Hashtag: #SCG

The issuer is solely responsible for the content of this announcement.

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