2018 and continued to run the marketing campaign. Thus, the Company provides more channels to facilitate financial services to customers and reduce Company’s operation cost. After the Cardless withdrawal
period of 2019. This increase was mainly due to switching towards more cost-effective marketing channels. Administrative Expenses In the 3rd Quarter of 2018 and 2019, administration costs increased from
expanding more service channels providing more convenience to customers and this also saved the Company’s operation cost. For the Cardless transactions currently accounted for 31% of total personal loan sales
expanding more online service channels to customers and reduced the Company’s operation cost. As a result, the Cardless transactions currently accounted for 30% of total personal loan sales. 52% 30% 5% 13
trend of NPLs of the company has been decreasing. In addition, the Company has other plans to expand its distribution channels and to enhance the credit approval process. The system will be used in the
and widely expanded across more areas. Furthermore, the Company also introduced various products through online channels to keep customers informed and able to access products more easily 4. Efficient
downsized business and continued pursuing debt collection respectively. However, the Company has been expanding more online service channels to customers and reduced the Company’s operation cost. As a result
been expanding more online service channels to customers and reduced the Company’s operation cost. As a result, the Cardless transactions currently accounted for 95% of total personal loan sales which