26 April 2017, Hong Kong, the world's fourth largest and China's top ranked payment solutions provider Goldpac Group Limited ("Goldpac" or the "Group", stock code: 03315) today announced its smart card shipment numbers for Q1, 2017.
 
As China's financial industry returned to a more sensible and orderly development, the financial payment industry continued its evolution towards a more steady and structured future. Smart card shipments of Goldpac in Q1, 2017 amounted to 44.13 million (41.47 million in Q1, 2016), representing an increase of approximately 6% year-on-year. During the period, as a result of the Chinese banking industry's incremental efforts towards the promotion of consumption financial business, the credit card business attained a rapid upsurge. The Group's credit card shipments in Q1, 2017 increased over 50% year-on-year while the share of credit cards for the Group also increased markedly.
 
Mr. HOU Ping, CEO of Goldpac, said, "With the rapid development of the consumer credit business this year, Chinese banks are reinforcing their efforts in the financial consumption market, especially in the credit card market. Banks are leveraging their competitive advantages in differentiated products and services, to expand their market segments and consumer scenarios. Capitalizing on our outstanding technology, creative capability and customized services, Goldpac, a leading service provider in the global credit card market, has developed numerous innovative credit card service concepts and has created notable market value for banks, to obtain an unquestioned leading position in the market. Recently, Goldpac has been honored in five categories out of a total of seven at the Elan Awards, the Oscar's equivalent for card development excellence. It is a testament to the level of appreciation for Goldpac from the entire industry and its global customers. It is predicted that in the next several years, credit cards will be an important growth silo for China's banking industry, one that will embark on a high-velocity development period. Furthermore, the opening of China's clearing house market and the implementation of new credit card regulations will usher in new players and create a more expansive market space. Goldpac will be well positioned to be amongst the biggest beneficiaries in this upcoming market opportunity."

Smart Card Shipment for the First Quarter of 2017 (Unaudited)

Thousand Units	Q1, 2017	Q1, 2016	Change (%)
Smart Card (Chip Card)Shipments	44,128	41,467	+6.4%