Huacai Holdings Co., Ltd. (“Huacai”) is a technology company focusing on China's charity lottery business. It provides comprehensive solutions and high-quality professional services for reliable and advanced lottery equipment, systems, games and related applications, and actively promotes the healthy and rapid development of China's charity lottery business. Huacai's core philosophy is focus, pragmatism, and innovation. Huacai was listed on the GEM of the Hong Kong Stock Exchange in 2001 (8161.HK), transitioned from the Internet metal electronic trading business to the Chinese lottery industry in 2004, and successfully switched from GEM to Main Board listing on 2013/10/16 (1371.HK). In May 2014, Huacai won the China Index component of Morgan Stanley Capital International's inclusion in the Global Small Cap Index. In 2014/10, Tencent became the second largest shareholder of Huacai. Huacai is the first Hong Kong-listed company to get involved in the Chinese lottery industry, and it is also the first lottery company to successfully switch from GEM to Motherboard listing. On 2016/1/13, Huacai officially joined the Asia Pacific Lottery Association (Asia Pacific Lottery Association) and became a member of the association. On 2017/3/17, Huacai officially joined the World Lottery Association (World Lottery Association) and became a member of the association. Huacai is committed to becoming an innovative leading enterprise in the Chinese lottery industry. It has an international, specialized, senior management and operation team, technical team, capital market team, and comprehensive ability to provide systems, terminal equipment, game products, and market operation technology and services in the fields of computer tickets, keno lotteries, video lotteries, new media lotteries, etc. At the same time, by introducing the latest technology and operating experience, Huacai is developing technology from a high starting point, taking into account China's national conditions, and continuously expanding its leading edge in emerging high-growth markets such as video lotteries, keno lotteries, and new media lotteries. “Zhongfu Online”, whose equipment is exclusively supplied by Huacai, is currently the only video lottery ticket in the Chinese welfare lottery market. It is also the ticket type with the highest growth rate of Fukai in recent years. As an earlier manufacturer that sold core component products such as lottery betting terminals, lottery scanners, and readers in China, Huacai has always maintained a leading market position, and has become a computer ticket terminal equipment vendor recognized by two lottery agencies. At the same time, Huacai's lottery ticket sales system and lottery betting terminals have been used in many overseas countries and regions; the joint venture between Huacai and US GTECH is the exclusive supplier of the system, games, terminal equipment and operation and maintenance of the nationally unified quick-open lottery “Kailocai” system; the company is also actively setting up new media lottery markets such as telephones and the Internet. It has been authorized by various lottery ticket sales agencies and has established in-depth cooperative relationships with the three major telecom operators and financial institutions.