K&R International Limited Information

K&R International will further develop digital wallet, as well as payment clearing and information exchange platform. The Company will also launch non-device based SVF, multi-currency cards, gift cards, discount cards, ticket service, public convenience facilities, remittance transfers, cards for cross-border shopping and retail service etc. Mr. Mosby Chow, Chief Executive of K&R International Limited is confident with the future development of prepaid cards in Hong Kong, and affirmed, "The prepaid card market in Hong Kong is still lagging behind other countries. The Company hopes to seize business opportunities through the newly acquired SVF licensing, concentrate resources to develop the local business and strengthen our market awareness of overseas prepaid cards and eventually strive to increase market share. With the introduction of more payment services, I believe our prepaid card will be widely accepted in the local retail market." Users of the UnionPay prepaid cards issued by K&R International can enjoy distinct advantages, including the low exchange rates and an array of promotions and offers presented by UnionPay International Limited. The prepaid card is widely accepted in over 160 countries and regions for cash withdrawal at over 2 million ATM machines and over 35 million POS consumption. UnionPay prepaid cards is popular in the mainland China, Russia, Southeast Asia and Korean regions. The Company is now providing co-branded cards and anonymous gift cards, with service charge as the source of profit. The withdrawal limit of the disposable Global Express Card amounted to HK$500, HK$1,000, HK$2,000 and HK$5,000; prepaid cards in denomination of HK$8,000 will be issued soon. Meanwhile, Personal Global Express Card can be reloaded with a sum of HK$5,000 or above, and the upper limit will be subjected to the background check results of individual customers.