GAOYU FINANCE Subsidiary to Offer Financial Support and Advances to 3C Wholesalers

Stock News

Apr 16

GAOYU FINANCE (08221) announced that on April 16, 2026, Jiying (the company's wholly-owned subsidiary) entered into 2026 Supply Chain Financing Master Agreements with various clients (Transocean Century Limited, Hong Kong Jierun Technology Co., Ltd., and Hong Kong Boda Trading Co., Ltd.). These agreements will govern the supply chain financing transactions between Jiying and the clients during the 2026/27, 2027/28, and 2028/29 financial years.

According to GEM Listing Rule 19.04, the advances made by Jiying to each client constitute financial assistance provided by Jiying. The clients will appoint Jiying as their agent to procure 3C products. Upon receiving purchase orders, Jiying will require the clients to deposit a certain percentage of the total value of the 3C products they intend to purchase. Following receipt of the deposit from a client, the group will place orders with 3C suppliers. The 3C products will then be stored as collateral assets in the group's warehouse and delivered to the client only after the group receives full payment. The maximum storage period is 90 days. Jiying will charge daily interest, with a minimum term of seven days, until the group receives full payment for the purchase price of the 3C products.

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These agreements will govern the supply chain financing transactions between Jiying and the clients during the 2026/27, 2027/28, and 2028/29 financial years.</p>\n<p>According to GEM Listing Rule 19.04, the advances made by Jiying to each client constitute financial assistance provided by Jiying. The clients will appoint Jiying as their agent to procure 3C products. Upon receiving purchase orders, Jiying will require the clients to deposit a certain percentage of the total value of the 3C products they intend to purchase. Following receipt of the deposit from a client, the group will place orders with 3C suppliers. The 3C products will then be stored as collateral assets in the group's warehouse and delivered to the client only after the group receives full payment. The maximum storage period is 90 days. 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Jiying will charge daily interest, with a minimum term of seven days, until the group receives full payment for the purchase price of the 3C products.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}