Hing Yip Holdings (00132) announced that its subsidiary, Greengold Leasing, entered into a finance lease agreement on February 25, 2026. Under the agreement, Greengold Leasing will acquire ownership of certain heat supply equipment and facilities (the Assets) from Liaoning Sanjiang Heating Co., Ltd., for RMB40.00 million (approximately HK$45.44 million) and lease them back to the same party for five years.

The transaction, either on a standalone basis or aggregated with a previous finance lease of RMB30.00 million, exceeds the 5% threshold but remains below 25%, classifying it as a discloseable transaction under the Listing Rules. The total payments under this new finance lease amount to RMB48.50 million (approximately HK$55.10 million), consisting of approximately RMB40.00 million in lease principal and RMB8.50 million in aggregate lease interest and other fees, payable quarterly.

Greengold Leasing determined the RMB40.00 million consideration after referencing the Assets’ original cost of RMB41.29 million (about HK$46.90 million) and their remaining serviceable life. The purchase price will be funded through the internal resources of the group and/or external banking facilities. On lease completion, or upon early termination if all outstanding amounts and an additional compensation of 20.00% of the total outstanding lease interest are settled, the Assets may be bought back at a nominal price of RMB0.00 million (around HK$0.00 million).

The agreement includes various pledges and guarantees by the lessee and guarantors. The Lessee will also pay an interest-free deposit of RMB0.80 million (about HK$0.91 million) upon Greengold Leasing’s settlement of the transfer price, which will serve as a payment-security measure.

The Board stated that this finance lease transaction is in the ordinary and usual course of Greengold Leasing’s business, aiming to provide stable revenue and cash flow. The Assets, comprising designated heat supply equipment located in Benxi City, Liaoning Province, will remain operational under the Lessee’s management, with the Lessee bearing all related maintenance and ancillary costs.

Hing Yip Holdings focuses on wellness elderly care as its principal direction, supported strategically by finance leasing, technology, and civil explosives businesses. Through joint ventures and associated companies, it also invests in growing areas such as electric utilities in the People’s Republic of China.