General Manager of Legal Compliance Department of China Telecom Bestpay Co., Ltd. and His Delegation Visited Noheng for Exchanges

On the afternoon of April 17, Liu Xin, General Manager of Legal Compliance Department of China Telecom Bestpay Co., Ltd., Hu Zhibang, Director of the company, and Li Yanru from the Legal Affairs Department of Tianyi Commercial Factoring Co., Ltd. Visited Nuoheng for exchanges. Nuoheng is the regular legal counselor of China Telecom Bestpay Co., Ltd. Lin Wujiang, Director of Nuoheng and our attorneys Yang Bingqing, Jia Yan and Liang Weisen participated in the exchange and discussion.

Mr. Liu Xin firstly expressed thanks to the daily legal support provided by Nuoheng for many years and fully affirmed it. After that, he introduced China Telecom Bestpay's business focus and development idea of this year and put forward specific requirements on the daily legal counseling work, especially on corporate compliance and prevention of corporate legal risks. Mr. Lin Wujiang expressed his gratitude to China Telecom Bestpay for its trust all along, and pointed out that a regular legal counselor must have a superb sense of responsibility and comprehensive legal service ability, and should also apply the capabilities to the practical business of the client, and should not talk about the law in an empty talk. In addition, we have to keep abreast of the times, continuously improve our own professional competence, and follow up the regulatory policies in real time, in order to provide better legal counseling services for clients.

Participants from both sides also fully discussed hot legal issues in the field of financial business and personal information protection.

China Telecom Bestpay Co., Ltd. is a member enterprise of China Telecom Group Corporation, a "double pilot" enterprise in the Double Hundred Reform Initiative initiated by the State-owned Assets Supervision and Administration Commission and the fourth batch of Mixed Reform Initiative initiated by the National Development and Reform Commission, and the only fintech company among the "double pilot" enterprises. Taking the Bestpay App as a carrier, the company invests in or establishes financial companies engaged in petty loans, financial guarantees, commercial factoring, financial leasing, insurance agents, etc., in order to provide payment solutions, membership interests and benefits, people's livelihood services, e-commerce services, consumer installments, insurance and wealth management services. They, relying on blockchain, cloud computing, big data, AI and other technologies, are committed to promoting the digitalization and upgrading of services including livelihood services and financial services.