ARD CREDIT JSC INTEGRATES WITH AUTOMATED CLEARING HOUSE (ACH +) BANK PAYMENT AND SETTLEMENT SYSTEM 2020-12-14

Ulaanbaatar, Mongolia, December 14, 2020 - Ard Credit Joint Stock Company (MSE: ADB) has been continuously investing in its payment system. We received our digital currency license for our digital currency, Ard Cash in May of this year, and on December 11, we have successfully integrated with Automated Clearing House (ACH +), Central Bank of Mongolia's low-value interbank transaction system, which will make it easier for our customers to make interbank transactions. Thus, more than half a million users of Ard App have taken another step towards accessing services such as loans, securities trading, online shopping, money transfers, and payments.

As part of their Payment System Reform Project, funded by the Asian Development Bank, the Central Bank of Mongolia launched a new low-value transaction system, Automated Clearing House (ACH +) on August 15, 2019. The Automated Clearing House (ACH +) system transfers low-value payments, amounting to MNT3 million or less per transaction. The system also allows participants to send and receive transactions in real-time and continuously 24/7.

Ard Credit is a public company, licensed by the Financial Regulatory Committee as a non-bank financial institution and listed on the Mongolian Stock Exchange, with the mission to lead the financial services industry of Mongolia by leveraging innovative technologies.

Ard Financial Group is a diversified financial services holding company with the aim of increasing its shareholders’ equity through investing in and developing leading financial services and technology companies. Our investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, TenGer Systems, Mongol Post, and MEC Partners (ardshop.mn). Ard App, Ard Digital Banking, ArdCoin and ArdCash are proprietary digital products based on artificial intelligence and blockchain technology.

Companies in our Ard Financial Group’s portfolio that are also listed on the MSE:

• MSE: AARD (03260) Ard Financial Group (formerly Jinst Uvs/Investor Nation)
• MSE: AIC (05480) Ard Insurance
• MSE: ADB (05509) Ard Credit
• MSE: MNP (05412) Mongol Post
• MSE: XOC (4001) National Privatization Fund

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