HING YIP HLDGS(00132): Green Gold Leasing signs a financial leasing agreement for designated sewage and sludge treatment equipment and facilities.

HING YIP HLDGS (00132) announced that on January 16, 2025, its subsidiary, Green Gold Leasing, entered into a financial leasing agreement with the lessees (Lessee 1 Changsha Liantai Water purification Co., Ltd. and Lessee 2 Shaoyang Liantai Jiangbei Water Co., Ltd.) for a consideration of RMB 70 million to transfer ownership of certain designated sewage and sludge treatment equipment and facilities located in Changsha and Shaoyang, Hunan Province, China. These assets will be leased back to the lessees for their use and possession for a period of five years. The financial leasing agreement and related documents are part of Green Gold Leasing's normal business processes and are expected to provide stable income and cash flow for the Group.