In October 2025, Linklogis Technology Group (09959.HK) officially launched its brand refresh for its international business segment, adopting the new brand "Unloq" for the global market. This brand name, a homophone of "unlock," signifies "unlocking the potential and efficiency of global trade finance." In the past year, Unloq has delivered impressive results: serving nearly 2,000 ecosystem clients, completing the core architecture deployment of the SC+ platform, collaborating with authoritative financial institutions such as Standard Chartered Bank to promote compliant digital payment applications, and achieving global seller coverage in 43 countries/regions—Unloq is becoming the core engine for Linklogis's "second growth curve."

SC+ Platform: Next-Generation Global Trade Finance Infrastructure

To understand Unloq's strategic intentions, it's necessary to first understand a macro-level context: China's industrial chains are experiencing an unprecedented wave of overseas expansion. The deepening of the Belt and Road Initiative, the implementation of the RCEP agreement, and the continued deepening of economic and trade relations between China and emerging markets are all creating historic opportunities for cross-border supply chain finance.

It is worth noting that the underdeveloped infrastructure and imperfect financial systems in many emerging markets provide opportunities for technology companies to "leapfrog" ahead. Unloq emerged in this context, officially positioned as a "cross-border digital supply chain finance platform with a global network and local execution capabilities."

Unloq's core technology foundation is the SC+ platform—positioned as the next-generation infrastructure "connecting global real trade and digital finance." The core value of the SC+ platform is embodied in two key words: smart contracts and compliant digital payments.

The value of smart contracts lies in "automation + determinism." In cross-border trade, a logistics service from China to Europe may involve three currencies—RMB, USD, and EUR—three jurisdictions—China, Singapore, and Germany—and three business entities—logistics companies, e-commerce platforms, and overseas warehouses—a complexity that traditional financing processes cannot efficiently handle. The SC+ platform, relying on blockchain smart contract technology, codifies the complex rules of multi-entity, multi-currency, and multi-jurisdictional transactions, enabling automated execution and settlement, fundamentally solving the problem of the authenticity of accounts receivable in cross-border trade.

In terms of compliant digital payments, Unloq has partnered with Standard Chartered Bank and StraitX to leverage Standard Chartered Bank’s global branch network and Linklogis’s technological capabilities to promote the implementation of innovative applications of compliant digital payments and provide a reliable and efficient channel for fund transfers in cross-border trade scenarios.

Four major scenarios and a "dual-engine" strategy

Currently, Unloq has established a presence in four major scenarios: B2B goods trade, cross-border e-commerce, online travel, and cross-border logistics, forming a rich matrix of scenario-based services.

For B2B trade and retail suppliers, Unloq provides flexible working capital support around core buyer receivables, helping export companies quickly convert forward payments into readily available operating funds. For cross-border e-commerce sellers, Unloq offers customized solutions such as GoEarly financing and accounts receivable pledging financing to address funding needs for peak season inventory preparation and rapid payment collection. For logistics service providers, Unloq alleviates the financial pressure caused by capacity procurement and platform payment terms, helping companies obtain receivables in advance and accelerate cash flow turnover. For emerging scenarios such as online travel, Unloq continues to expand its scenario-based financing capabilities.

At the strategic level, Unloq continues to advance its "Go Early" and "Go Deep" dual-engine strategy. "Go Early" focuses on building a platform ecosystem, deeply integrating data interfaces with multiple mainstream global platforms such as Amazon, Shopee, and Infor, providing "one-click" digital financing services for SMEs; while "Go Deep" delves into scenario-based in-depth services, creating an intelligent supply chain financing system covering the entire chain from cross-border procurement, production, logistics to sales for Chinese companies going global.

In terms of AI capabilities, Unloq leverages Linklogis's self-developed vertical domain large-scale model LDP-GPT to create its own "BeeLink AI" system. This system has already been deployed at scale by several leading enterprises and financial institutions, enabling fully automated processing of the entire process, including intelligent review of trade documents, automatic submission of compliance documents, and real-time response to customer needs, significantly improving business efficiency.

Tailored to the characteristics of different industries, Unloq has innovatively launched customized solutions such as purchase order financing and accounts receivable pledge financing, providing flexible and adaptable financing support for key areas such as infrastructure construction, renewable energy development, and high-end manufacturing. In the first half of 2025, Unloq's sustainable supply chain assets reached RMB 29 billion, covering multiple fields such as renewable energy, rural revitalization, environmental protection, and public health, using financial technology to help the global industrial chain achieve green transformation.

After its brand refresh, Unloq has achieved a comprehensive upgrade in global strategy, brand recognition, product portfolio, business coverage, and team collaboration, completing a leap in positioning from a "regional cross-border service platform" to a "global supply chain financial technology company".

There are already several successful examples of this transformation. In the case of a leading new materials company, facing a mature overseas industrial chain spanning three continents and more than seven countries and regions, Unloq built a financing service structure covering multiple regions to help the company streamline its overseas upstream and downstream financing relationships, improve the efficiency of chain collaboration, and optimize foreign exchange risk management to a certain extent. In the advanced manufacturing sector, for a manufacturing company's needs for overseas factory construction and localized procurement, Unloq provided accounts payable financing solutions adapted to local scenarios, realizing cross-border credit transmission for Chinese companies going global.

In 2025, Unloq also successfully won a bid for a Web3.0-based supply chain finance platform project of a large state-owned enterprise, marking a new stage in the company's technological strength and industry recognition in the field of digital trade infrastructure.

Looking ahead: From the "second growth curve" to new global trade and financial infrastructure

According to Linklogis' 2025 annual results announcement, the company's total assets in the supply chain services sector reached RMB 508.1 billion, a year-on-year increase of 27%, with cash reserves of RMB 4.9 billion, indicating ample liquidity. Unloq, as the core vehicle of the group's internationalization strategy, is contributing increasingly significant incremental value.

Against the backdrop of the deepening implementation of RCEP, the accelerated globalization of Chinese enterprises, and the iterative upgrading of digital trade infrastructure, Unloq's strategic layout, centered on the SC+ platform, driven by BeeConnect AI, and supported by a global partner network, is poised to establish itself as a landmark digital infrastructure in the global trade finance sector. Looking further ahead, as the development and regulatory framework for Real-World Assets (RWAs) become clearer, innovative directions such as digital trade certificates and the tokenization of trade finance assets will open up even greater possibilities for Unloq.

For Chinese industrial chains that are accelerating their overseas expansion, Unloq is not only a financing tool, but also a cash flow infrastructure that supports the globalization of enterprises—this is the most authentic business embodiment of Linklogis' brand vision of "unlocking the potential and efficiency of global trade finance".