November 10, 2025 PLATINUM's parent company——Leading Hong Kong listed information technology (IT) software and service company, Computer And Technologies Holdings Limited (C&T or the Group, SEHK 00046) and Shanghai Foreign Service (Group) Co., Ltd. (“FSG”) today announced the official signing of a joint venture agreement at the 8th China International Import Expo (CIIE). The agreement establishes a new joint venture company headquartered in Hong Kong, which will be dedicated to providing global payroll management and outsourcing services, riding on C&T’s leading Human Capital Management (HCM) digital solutions platform for Chinese multinational corporations (“going global” enterprises) and international clients operating in the Greater China region (Hong Kong, Macao, and Taiwan).
This strategic partnership combines C&T's dominant market presence and deep regional expertise in Greater China with FSG's extensive professional knowledge in human resources services. The joint venture is positioned to become a premier provider of integrated HR technology support for this key business community. Mr. Ng Cheung Shing, Chairman of C&T Group; Mr. Ng Kwok Keung, Chief Financial Officer of C&T Group; Ms. Cao Xiao Ning, General Manager of Platinum Software Systems (Shanghai) Co., Ltd.; Mr. Li Dong, Deputy Secretary of the Party Committee and President of Donghao Lansheng (Group) Co., Ltd.; Mr. Chen Wei Quan, Secretary of the Party Committee and Chairman of Shanghai Foreign Service (Group) Co., Ltd.; Mr. Zhu Hai Yuan, Deputy Secretary of the Party Committee and President of Shanghai Foreign Service (Group) Co., Ltd.; and Mr. Jiang Ning, Vice President of Shanghai Foreign Service (Group) Co., Ltd.; all attended and witnessed the signing ceremony.
C&T Group and FSG celebrate fifteen years of strategic collaboration, deepening their synergy in the HR vertical. As an early technology company listed on the Hong Kong Stock Exchange, C&T maintains a leading position in Hong Kong, Macao, and Taiwan, leveraging robust technology and localized expertise to deliver high-performance enterprise software solutions. By combining C&T's deep mainland market insight with FSG's specialized service strength, the partnership has deployed multiple large-scale projects in key areas of Human Capital Management and payroll outsourcing services, setting a clear industry benchmark in HR digital transformation.
As a key member of the C&T Group, PLATINUM has long been dedicated to the fields of human resources and payroll management, offering end-to-end digital solutions encompassing payroll processing, individual tax declaration, social insurance management, and employee self-service. With a broad customer base and an outstanding reputation for service in the Hong Kong, Macao, and Taiwan regions, PLATINUM's professional systems and service expertise will serve as critical technical support and the business core of the joint venture, empowering clients to achieve efficient and compliant global human resource management.
The formation of this entity elevates the C&T and FSG relationship from a project-based collaboration to a deeper, capital-level strategic alliance. This integration is designed to amplify synergies in the digital HR space and significantly enhance the partners' combined global service delivery capabilities.
Looking ahead, C&T and FSG are committed to the continued development of the joint venture, focusing on delivering professional, compliant, and highly efficient digital HR products and services. This initiative is set to empower enterprises in navigating complex cross-border management challenges and support their global strategic expansion. Today’s announcement represents a major milestone for both companies and underscores their shared commitment to driving innovation and international development within the human resources industry.
About C&T Holdings
Computer And Technologies Holdings Limited (C&T, SEHK 00046) operates its business with a vision to build a better world with Information Technology. Established in 1991 and listed on the main board of Hong Kong Stock Exchange since 1998, C&T is committed to providing best-of-breed enterprise software products and cloud services from human resources management to cyber intelligence, information management, procurement management, property management and retail management to enable organizations to run their businesses and operations better.
Apart from software products, the Group has a long-standing track record in delivering effective IT solutions and quality services, including IT solution design and implementation, software development, online e-services and business processing outsourcing services, to enhance the competitive advantages of our clients. For more than 30 years, the Group’s products and services have been widely adopted across industries and sectors and trusted by enterprise customers ranging from prominent brands to local conglomerates and multinational corporations, as well as government organizations and non-profit organizations. For more information, please visit C&T website: www.ctil.com.
About FSG
Shanghai Foreign Service (Group) Co., Ltd. (abbreviated as "Shanghai Foreign Service" or "FSG"), founded in 1984, is a wholly-owned subsidiary of its parent company, Shanghai Foreign Service Holding Group Co., Ltd. (Stock Abbreviation: FSG Holding, Stock Code: 600662), which was the first human resources service enterprise to be listed on the A-share main board.
Leveraging rich experience and professional expertise, Shanghai Foreign Service employs a unique service model of "Consulting + Technology + Outsourcing," focusing on five core businesses: Personnel Management, Talent Dispatching, Compensation and Benefits, Recruitment and Flexible Staffing, and Business Outsourcing. It provides comprehensive human resources solutions that integrate local wisdom with a global perspective for various enterprises. The company also offers strong talent support for the construction of Shanghai as a talent hub, the "Belt and Road" Initiative, and the "Yangtze River Delta Integration" strategy.
Currently, Shanghai Foreign Service has over 170 direct branches and more than 540 service points across China, serving over 50,000 corporate clients and more than 3 million employees. Furthermore, through deep cooperation with leading global organizations, its overseas business solutions extend to 21 countries and regions. Its subsidiary, FSG TG, has established business service partnerships with counterparts in Europe, North America, Africa, and other regions, covering 50 countries and regions. For more information, please visit FSG website: fsg.com.cn.
