UnionPay Business Payment Co., Ltd. (referred to as "UnionPay Business") announced regarding the extension of the fee reduction benefit policy, stating that the original fee reduction measures will expire on September 29, 2024. To further support the development of the real economy and continuously reduce the operating costs of market entities, the company has decided to: continue to implement a 10% discount on issuing and processing fees for offline debit card transactions of all standard merchants (the cap remains unchanged), extending the fee reduction measures to September 29, 2027.