Wirecard to acquire AllScore Payment.

Wirecard, the global innovation leader for digital financial technology, agreed to acquire all shares in the Bejing-based AllScore Payment Services, currently controlled in its majority by its founder and CEO Mr. Yao Lin and Shanghai Aiwu Investment Management. After the closing, which is subject to customary and regulatory closing conditions, Wirecard will hold 80% of all shares in AllScore. A call option enables Wirecard to acquire the remaining 20% of shares after two years. AllScore Payment Services, is a local Payment Service Provider owning an attractive license portfolio and employing a dedicated team of more than 120 people. The license portfolio enables Wirecard to offer internationally oriented Chinese merchants local acquiring services, cross-border acquiring including settlement in their local currency and innovative digital value added services. "We welcome Wirecard to China and are proud that they have selected us to enter the market, joining in on the efforts of the Chinese Government to open the financial sector and improve the regulatory environment for market access to foreign investors. Wirecard's demonstrated history in expanding a global, digital business and their professional approach to execution, combined with our local knowledge and licenses make us an ideal combination to serve Chinese merchants, as well as international clients doing business in China," Yao Lin, AllScore Payment Service CEO, Chairman and Founder.