Editing RC365 Holding PLC (section)

== Business Overview ==
RC 365 Holding plc is the holding company of Regal Crown Technology Limited, a leading fintech service provider in China and Hong Kong. Founded in 2013 and Headquartered in Hong Kong, the company is looking to expand their payment gateway services into Europe and UK.

The major Business segmets are as follows: Payment gateway Solutions (online and offline), IT support and security services, CatchAR, Maid Maid Matching (E Agent). 

“RC Wallet” and “RC prepaid card” are one stop solutions aimed at combining the latest measures and practices of Regulatory Technology and Payment Technology gateway solutions to both individual and corporate customers. These 2 solutions are aimed to strengthen the online and offline solutions provided to customers in the open market.

Some of the important milestones of the company are mentioned below:

2013-2015: Launched mPOS and Online Payment Gateway

2016: Invited by HKGOV to participate in a panel assessment on the Launch of iBeacon Prototype.

2017: Was certified in accordance with ISO27001 and became an exhibitor at G2E Asia Expo and ICE Expo

2018: Flipbook was launched in Wynn Palace Macau

2019: Enhanced its payment system and enabled customers to receive Amazon payments.

2020: Received its second ISO 27001 accreditations and began preparing for the proposed IPO and Standard Listing

2021: Catch AR was soft Launched and a new “Maid – Maid Matching” platform was launched.

2022: The group completed two major acquisitions in June 2022 by Acquiring the entire issued share capital of RCPAY Limited (Hong Kong) and Regal Crown Technology (Singapore) Pte Limited. The company in November 2022 went on to acquire RCPAY Limited (UK). These acquisitions offer an abundance of growth opportunities for the Group and offering local and cross border payment solutions to existing and potential clients located in those regions.

The exciting developments taking place in the coming months of calendar year 2023 puts RC365 ahead of the market and the company is well positioned to expand its products and services in other jurisdictions

During Q4 of FY23, the Group launched its “RC ERP” and “RC POS” products that have been co-developed between their in house IT team and outsourced experienced IT total solutions developers. The products are aimed at providing the existing and potential clients to manage their financial reporting, operation management, treasury management, inventory and invoicing management and cash flow in a simple and efficient manner. 

In February 2023, the Company signed a Memorandum of Understanding with Hatcher Group Limited to leverage on the combined expertise and resources of the two companies to collaborate on the research and development of smart algorithm technology and to provide intuitive asset recommendations and other potential fintech-based solutions. The Company also announced that its wholly owned subsidiary Regal Crown Technology, has signed a White-Label Application Development Agreement with WCHING Technology Limited for the development of a mobile application product for use on Web, iOS and Android platforms. A key focus for the Group is developing innovative products and services to attract new customers and this allows the company to deliver on their commitments.

According to the management, the  vision of the company remains unchanged - to grow its share of its existing markets, develop new capabilities and expand into new geographies within the fast growing and attractive markets in which it operates. The Board believes that the advances made in FY-23 have positioned the firm well for FY24 and continued future growth. 

The Company has announced several Agreements that have been signed lately. On 23 June 2023 the Company entered a collaboration agreement HKD15million to develop and upgrade the existing RC2.0 App, a mobile application providing wealth management solutions, to and advanced version under the name RC3.0. On 3 July 2023, the Group entered into an agreement as the sales agency for the MasterCard Credit Card and the legal and trustee services from famous Hong Kong financial service provider. RC365 has also required 100% of the issued share capital of Mr Meal Production Limited, a media and advertising service in Hong Kong. Outlook The Board continues to be optimistic about the outlook for FY24 given the Group’s growing pipeline of potential opportunities for further growth. 

The Group is actively exploring several opportunities by forming different types of business relationships with corporates located in United Kingdom, Singapore and Hong Kong. The Group expects to introduce different marketing campaigns designed to promote the Company’s Catch AR and Maid Maid Matching offerings going forward, which the Board expects to provide opportunities for the continued growth for the Group’s target markets. The Group is exploring an opportunity to enter a co-operation agreement with a well-known Software and Application Development company in Hong Kong. The focus of such a co-operation agreement will be the development of an all-rounded Enterprise Resource Planning (ERP) software which can be sold to existing and potential clients. The ERP software is expected to encompass administrative, payroll, sale and purchase functions together with a payment function to enable subscriber to increase the effectiveness and efficiency of their operations. The Group expects to introduce the above services to Singapore and Malaysia market in Q1 of 2023.