林州重机集团股份有限公司关于公司开展应收 账款保理融资业务的公告

Overview - Linzhou Heavy Machinery Group Co., Ltd. is engaging in factoring financing by transferring part of its accounts receivable to Zhongyuan Commercial Factoring Co., Ltd. for an amount of 45 million yuan with a term of 12 months [2][5]. Transaction Details - The transaction does not constitute a related party transaction or a major asset restructuring and does not require board approval [3]. - The accounts receivable involved are generated from procurement contracts between the company and its wholly-owned subsidiary [4]. Counterparty Information - Zhongyuan Commercial Factoring Co., Ltd. is a limited liability company with a registered capital of 500 million yuan, established on March 7, 2016, and is not a dishonest executor [6]. Impact on the Company - This transaction is expected to better meet the company's operational funding needs, enhance liquidity, and broaden financing channels, contributing to sustainable development and stable operations [7].