江西沃格光电集团股份有限公司关于开展应收账款保理业务的公告

Core Viewpoint - The company, Jiangxi Woge Optoelectronics Group Co., Ltd., has approved a non-recourse accounts receivable factoring business to accelerate cash flow and improve capital efficiency [2][5]. Group 1: Announcement Details - The company and its subsidiaries will engage in non-recourse accounts receivable factoring with financial institutions, including commercial banks and factoring companies [2][5]. - As of December 31, 2025, the total amount of this factoring business reached 215 million RMB, accounting for over 10% of the company's latest audited net assets [2]. - The board of directors approved a total factoring limit of up to 400 million RMB, which includes the previously incurred 215 million RMB, and this limit can be used repeatedly within a 12-month period from the first transaction [2][5]. Group 2: Business Content - The factoring business will involve accounts receivable generated from the company's operational activities, with no existing pledges or mortgages on the receivables [7]. - The financial institutions involved will be selected based on their qualifications, service capabilities, and cost-effectiveness [8]. - The factoring amount will not exceed 400 million RMB, and the specific terms for each transaction will be defined in individual contracts [10]. Group 3: Impact on the Company - Engaging in non-recourse accounts receivable factoring is expected to enhance asset liquidity, reduce the cost of capital tied up in receivables, and improve cash flow, benefiting the company's overall development [10].