According to the announcement by Mog Digitech (01942) on Zhitong Finance APP, on October 7, 2024, the company entered into a memorandum of understanding with Huatong Securities International Limited (Huatong Securities). Under the memorandum of understanding, the contracting parties agree to leverage their strengths in financial securities brokerage business, Software as a Service (saas) technology capabilities, and digital technology expertise to collaborate on establishing a joint venture to develop digital currency financial securities trading counters.

The counter trading system is a business system designed for brokerages to provide securities trading services, with a wide user base in the brokerage industry. It is an essential business system supporting brokerage operations and represents the core of brokerage IT value. Both companies have agreed to further discuss specific terms and details of the aforementioned joint venture. The collaboration under this memorandum of understanding presents an important opportunity for the company to explore becoming a competitive fintech platform.