Securities Code: 301310 Securities Abbreviation: XinHongYe Announcement No.: 2026-013
Wuxi XinHongYe Cable Technology Co., Ltd. Announcement on Carrying Out Non-Recourse Factoring Business for Accounts Receivable
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Transaction Overview
Wuxi XinHongYe Cable Technology Co., Ltd. (hereinafter referred to as the "Company"), based on its business development needs, plans to engage in accounts receivable factoring business with institutions that possess relevant qualifications, including but not limited to commercial banks and commercial factoring companies (hereinafter referred to as "Cooperative Institutions"). The total factoring financing amount will not exceed RMB 500 million. The factoring business authorization period will be one year from the date of the third Board of Directors' third meeting. The term for each individual factoring transaction will be subject to the period stipulated in the single factoring contract.