Securities Code: 002418 Securities Abbreviation: Kangsheng Shares Announcement No.: 2026-020 Zhejiang Kangsheng Co., Ltd. Announcement on the Company and Its Subsidiaries Carrying Out Accounts Receivable Factoring Business
The Company and the Board of Directors guarantee the information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
Zhejiang Kangsheng Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the seventh Board of Directors on April 28, 2026, and deliberated and passed the "Proposal on the Company and Its Subsidiaries Carrying Out Accounts Receivable Factoring Business." The Company's Board of Directors agreed that the Company and its holding subsidiaries, based on actual operational needs, will apply to institutions with business qualifications for accounts receivable factoring business with a total financing limit not exceeding RMB 500 million. The business period is 12 months from the date of signing the factoring contract. Specific factoring business will be subject to the agreement of individual factoring contracts. The Chairman or his authorized representative is authorized to organize the implementation and sign relevant documents within the approved limit.
According to the "Stock Listing Rules of the Shenzhen Stock Exchange," "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant laws and regulations and the "Articles of Association," this transaction does not constitute a related-party transaction, nor does it constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This factoring business matter still needs to be submitted for deliberation by the Company's shareholders' meeting.