HING YIP HLDGS (00132) subsidiary and Foshan Nanhai District Shuixiang Zemi Education Investment enter into a finance lease agreement.

HING YIP HLDGS (00132) announced that on December 24, 2024, its subsidiary, Green Gold Leasing, entered into a financing lease agreement with the lessee (Foshan Nanhai Shuixiang Zemu Education Investment Co., Ltd.) for a total consideration of RMB 100 million. The lessee will acquire ownership of the assets, which will then be leased back to the lessee for their use and possession for a period of five years. The assets include several designated intelligent systems and equipment, as well as power and electrical equipment located in the Lishui Town of Nanhai District, Foshan City, Guangdong Province, China.