Core Viewpoint - The company, Beijing Jiuzhou Yigu Environmental Technology Co., Ltd., is entering into a factoring business agreement with a related party, which is expected to enhance cash flow and improve asset management efficiency [1][2][5]. Summary by Sections 1. Overview of Related Transactions - The subsidiary, Jiuzhou Yigu Environmental Technology (Guangzhou) Co., Ltd., plans to sign a factoring agreement with Beijing Rural Commercial Bank Co., Ltd. Economic and Technological Development Zone Branch, with a financing amount of RMB 1.5 million [2][3]. 2. Impact of Related Transactions - The factoring business is anticipated to accelerate capital turnover, revitalize balance sheet assets, enhance fund utilization efficiency, and reduce accounts receivable management costs, benefiting the overall development of the company [2][5]. 3. Related Party Information - The chairman of the company, Mr. Shao Gang, serves as a director at the bank, establishing a related party relationship. The bank branch is a subsidiary of Beijing Rural Commercial Bank, and Mr. Shao recused himself from the voting process [3][4]. 4. Pricing and Terms of the Transaction - The financing interest rate will be set at the one-year Loan Prime Rate (LPR) minus 70 basis points, with an annual platform service fee of 0.1% [2][5]. 5. Approval Process - The transaction has been approved by various committees within the company, including the audit committee and independent directors, ensuring compliance with legal and regulatory requirements [6][7][8].