PAX Global Technology Limited (“PAX”, HKEX stock code: 00327.HK), a world-leading provider of electronic-payment terminal solutions, is pleased to announce that the Group was awarded “The Best TMT Company” in the Golden Hong Kong Stocks Awards 2020, confirming the Group’s investment potential is highly recognized by the capital market.
The Golden Hong Kong Stock Awards 2020 was co-organized by ZhiTong CaiJing and Hithink Royal Flush Information. The winners were selected by both a panel of experts applying various criteria including results performance, industry ranking, corporate governance, business model, market influence and capital market performance in the previous year, as well as votes submitted by the public. “The Best TMT Company” award recognizes the most promising TMT company with the fastest growth, greatest development potential and highest capital-market appreciation in 2020.
Mr Jack Lu, CEO of PAX Global, said, “PAX Global is honored to have stood out from the many other TMT-listed companies and received “The Best TMT Company” award – confirming the Group’s investment potential is highly recognized by the capital market. As a world-leading provider of innovative E-payment terminal solutions, PAX solutions are deployed in more than 100 countries around the globe. In 2020, the Group’s strong global presence enabled it to take a leading position in international markets and weather the unprecedented challenges brought by the COVID-19 pandemic in every country. Boosted by sales in its overseas markets, the Group is expected to record a more than 40% increase in annual net profit. As the transition to cashless transactions accelerates, we are strengthening our partnerships with banks and payment service providers around the world, helping them to satisfy merchant demand for more secure and convenient payment solutions while offering customers the most advanced payment experience.”