Commentary on the operations and results
During the second half of the financial year, TTG focused on the geographical expansion of ULPOS services. In addition to Shenzhen, the ULPOS platform now extends to major mainland cities including Beijing, Hangzhou, Xiamen, Chengdu and Shenyang. The objective is to extend the ULPOS platform to cover most first and second tier cities of China, including Hong Kong, Macau and Taipei, in the next 12 months.
In the coming financial year, TTG will continue to work closely with UnionPay Financial Network to promote services to all business partners, financial institutions, merchants and consumers. Apart from the recently announced contract with a major telecommunications carrier in China, TTG continues to pursue agreements enabling more users and merchants to join the ULPOS platform.
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