Gelonghui May 24 δΈ¨ Zhongguancun Technology Leasing (01601sizzlinghotfreegame.HK) Announcementsizzlinghotfreegame, the Company and the Factoring Bank entered into Factoring Agreement I, Factoring Agreement II and Factoring Agreement III on May 24, 2024, pursuant to which (i) the Factoring Bank agreed to provide approximately RMB 25 to the Company from the date of signing of Factoring Agreement I, Factoring Agreement II and Factoring Agreement III.sizzlinghotfreegame, RMB 129,995.65, RMB 12,117,744 and RMB 12,035,416.05, and the company agreed to transfer the proceeds from lease receivables (RMB 30, 052, 627), lease receivables II (RMB 12, 781, 738) and lease receivables III (RMB 14, 791, 739) were transferred to the factoring bank to obtain financing funds from the factoring banksizzlinghotfreegame; and (ii) In accordance with the terms and conditions of Factoring Agreement I, Factoring Agreement II and Factoring Agreement III, the Company shall repay the financing funds to the Factoring Bank on or before September 15, 2026, May 23, 2028 and December 15, 2026.
