In the first half of 2025, Tradelink successfully reallocated resources to accelerate T+ development. This initiative positions the platform as a comprehensive suite of intelligent, secure value-added services, including AI-powered digital document management, advanced digital signing, integrated financial and cybersecurity solutions, business enablement tools, and seamless connectivity with government services.

During the second half of 2025, our focus has shifted to building robust infrastructure and core functionalities in close collaboration with strategic partners. We are progressing steadily with phased development and internal testing to ensure a smooth rollout in mid-2026.

T+ represents a strategic evolution from our traditional role as a Government Electronic Trading Services (GETS) provider toward becoming a leading full-service digital trade platform for Hong Kong's trading community and global partners. Upon launch, T+ is expected to strengthen customer loyalty, attract new clients, and unlock significant revenue growth opportunities.

Tradelink continues to solidify its leadership in advanced digital identity solutions for both corporate and individual users.

In June 2025, the Group secured a multi-year contract with the Hong Kong SAR Government to design, build and maintain systems that issue and verify the digital identities of companies operating in Hong Kong (the "CorpID project"), covering the period from 2025 to 2029. This long-term engagement provides substantial revenue visibility and reinforces the Group's position as a trusted partner in the Government's digital identity initiatives. It also lays a robust foundation for expanding into digital corporate identity management and secure transaction services.

On the individual front, our Class 12 digital certificate, branded "iD-One", has achieved significant market traction throughout the year. Multiple Hong Kong stock trading firms have adopted this certificate to support the digital onboarding of overseas customers, demonstrating strong demand for secure, compliant cross-border identity solutions. The growing popularity of iD-One validates our strategic focus on digital certificate-based identity verification.

These milestones reinforce Tradelink's pivotal contribution to building a secure, efficient, and inclusive digital identity framework for Hong Kong and the broader Greater Bay Area.

In the dynamic world of digital trade and supply chain solutions, Tradelink continues to prioritise innovation and customer-centric strategies to deliver lasting value.

Responding to cautious customer sentiment toward large-scale digitalisation investments, particularly process re-engineering and Warehouse Management Systems (WMS), our Supply Chain Solutions (SCS) team has launched a flexible monthly subscription model bundled with expert advisory services. This enables businesses to adopt systems in manageable phases, optimise cash flow, reduce upfront financial commitments, and realise rapid returns, empowering them to stay competitive in Hong Kong's fast-moving market.

At the same time, we are accelerating AI innovation by exploring agentic AI assistants and launching targeted AI-driven pilot projects. These initiatives focus on automating and digitising critical workflows, significantly boosting operational efficiency while reducing manual effort and human error.

Together, these customer-focused strategies position Tradelink to help businesses navigate uncertainty and build resilient, future-ready operations.