Hing Yip Holdings Limited (00132) has announced a discloseable transaction involving its subsidiary, Greengold Leasing. According to the announcement date, Greengold Leasing entered into a finance lease on October 17, 2025, assuming ownership of certain heat supply equipment and facilities (the “Assets”) from Luobei Xinghui Heat and Electricity Co., Ltd. (“Lessee”) at RMB40,000,000 (approximately HK$43,600,000). The Assets are situated in Hegang City, Heilongjiang Province.

Under the finance lease, Greengold Leasing will lease the Assets back to the Lessee for five years. Total payments under the agreement amount to approximately RMB48,339,000 (approximately HK$52,690,000), which include lease principal of RMB40,000,000 and aggregate lease interest and fees of about RMB8,339,000. The Lessee also provides a security deposit of RMB400,000. Guarantees and pledges have been executed by various third parties to secure obligations, including an equity pledge of the Lessee’s shares.

The finance lease is part of Greengold Leasing’s regular business activities, aiming to generate stable revenue and cash flow. The Board of Hing Yip Holdings Limited considers the arrangement to be on normal commercial terms, reached independently at arm’s length, and in the best interests of the group. The transaction is classified as a discloseable transaction under prevailing listing rules since at least one applicable percentage ratio exceeds 5% but remains below 25%.

Hing Yip Holdings Limited focuses on wellness elderly care as its principal direction, alongside finance leasing, technology, and civil explosives businesses. Through joint ventures and associated companies, it also invests in fast-growing sectors, such as electric utilities in the PRC. This agreement with Luobei Xinghui Heat and Electricity Co., Ltd. marks another leasing project supporting Hing Yip Holdings Limited’s strategic positioning in the financial and environmental sectors.