UnionPay International ("UPI" or "the Company") recently added Lao's LAPNet and Malaysia's PayNet to their rapidly expanding QR code payment network, enabling the acceptance of UnionPay mobile payment products by local QR code merchants, as well as the use of mobile banking apps and e-wallets supported by PayNet and LAPNet in UnionPay QR code network standards covering retail, catering, campus, transportation, and medical care, among many other scenarios.