Shenzhen Zhuoyi Technology Co., Ltd. Announcement on the 2026 Accounts Receivable Factoring Quota
Securities Code: 002369 Securities Abbreviation: Zhuoyi Technology Announcement No.: 2026-014
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Shenzhen Zhuoyi Technology Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the seventh Board of Directors on April 24, 2026, and deliberated and passed the "Proposal on the 2026 Accounts Receivable Factoring Quota." The details are hereby announced as follows:
I. Overview of Factoring Business
On January 16, 2026, the second meeting of the seventh Board of Directors deliberated and passed the "Proposal on Carrying Out Accounts Receivable Factoring for 2026." The Company and its subsidiaries included in the consolidated statements will carry out accounts receivable factoring business with domestic and foreign commercial banks, commercial factoring companies, and other institutions with relevant business qualifications in 2026. The total balance of factoring financing will not exceed RMB 230 million.
In response to business development needs, to accelerate the turnover of working capital for the Company and its subsidiaries, improve the efficiency of fund utilization, reduce accounts receivable management costs, and optimize the asset-liability structure and operating cash flow situation, the Company and its subsidiaries will increase the accounts receivable factoring quota for 2026. Following this adjustment, the Company and its subsidiaries will carry out accounts receivable factoring business with domestic and foreign commercial banks, commercial factoring companies, and other institutions with relevant business qualifications (hereinafter referred to as "Cooperative Institutions") in 2026. The total balance of factoring financing will not exceed RMB 400 million, with a validity period of one year from the date of approval by the Company's 2025 Shareholders' Meeting. The amount and term of each factoring business will be subject to the specific contract. The Company's Shareholders' Meeting is requested to authorize the Company's management to sign contracts, agreements, and other legal documents related to accounts receivable factoring business within the aforementioned quota.