Supplemental announcement inside information in relation to the application of a wholly-owned subsidiary to temporarily suspend the review on the renewal of a long-term valid payment license

Summary by 6ix AI

Lianlian DigiTech Co., Ltd. has issued a supplemental announcement regarding the temporary suspension of the review for the renewal of a long-term payment license by its wholly-owned subsidiary, Lianlian Yintong. The suspension is due to risk incidents involving certain customers, which are currently under investigation by regulatory authorities. The company plans to resume the review process once the issues are resolved and believes it can request resumption in the fourth quarter of the following year.

Written by 6ix AI from the company’s filing. How 6ix writes summaries