Dongyin International Holdings (00668): Dongrui signs factoring agreement with Chongqing Pumei

Zhitong Finance App News, Bank of China International Holdings (00668) issued an announcement. On September 11, 2024, Dongrui, a direct wholly-owned subsidiary of the joint venture (a Sino-foreign joint venture established under Chinese law, owned 77.58% by the Company through Dongying Investment on the date of this announcement) signed a factoring agreement 1 with Chongqing Pumei. Based on this, Dongrui agreed to provide financing for a period of one year from 1 day of signing the factoring agreement. The factoring principal amount was RMB 9 million (approximately HK$9.9 million), transferred from Chongqing Midea factoring customers to Chongqing Pumei Accounts receivable are collateral.

On September 13, 2024, Dongrui signed a factoring agreement 2. According to this, Dongrui agreed to provide financing for a period of one year from the date of signing the factoring agreement 2. The factoring principal amount was RMB 9.91 million (approximately HK$10.9 million), and accounts receivable transferred by Chongqing Pumei's factoring customers to Chongqing Pumei were secured.

On October 15, 2024, Dongrui entered into a factoring agreement 3. According to this, Dongrui agreed to provide financing for a period of one year from the 3rd date of signing the factoring agreement. The factoring principal amount is RMB 45 million (approximately HK$49.5 million), as collateral for accounts receivable transferred by Chongqing Pumei's factoring customers to Chongqing Pumei.