Common use of THE FACTORING AGREEMENT Clause in Contracts

THE FACTORING AGREEMENT. 2 The Board further announces that on 6 November 2023, Xxxxxxx entered into the Factoring Agreement 2, pursuant to which Xxxxxxx agreed to provide financing being secured by accounts receivable assigned to Chongqing Baicui from the factoring customers of Chongqing Baicui for a period of one year from the date of signing of the Factoring Agreement 2 with the factoring principal amount of RMB67,000,000.00 (equivalent to approximately HK$71.7 million).

THE FACTORING AGREEMENT. 2 The Board further announces that on 6 November 15 September 2023, Xxxxxxx entered into the Factoring Agreement 2, pursuant to which Xxxxxxx agreed to provide financing being secured by accounts receivable assigned to Chongqing Baicui Maotong from the factoring customers of Chongqing Baicui Maotong for a period of one 1 year from the date of signing of the Factoring Agreement 2 with the factoring principal amount of RMB67,000,000.00 RMB8,500,000.00 (equivalent to approximately HK$71.7 HK$9.1 million).

THE FACTORING AGREEMENT. 2 The Board further announces that on 6 November 17 October 2023, Xxxxxxx entered into the Factoring Agreement 2, pursuant to which Xxxxxxx agreed to provide financing being secured by accounts receivable assigned to Chongqing Baicui Pumei from the factoring customers of Chongqing Baicui Pumei for a period of one 1 year from the date of signing of the Factoring Agreement 2 with the factoring principal amount of RMB67,000,000.00 RMB20,000,000.00 (equivalent to approximately HK$71.7 HK$21.4 million).

THE FACTORING AGREEMENT. 2 The Board further announces that on 6 November 15 September 2023, Xxxxxxx entered into the Factoring Agreement 2, pursuant to which Xxxxxxx agreed to provide financing being secured by accounts receivable assigned to Chongqing Baicui from the factoring customers of Chongqing Baicui for a period of one 1 year from the date of signing of the Factoring Agreement 2 with the factoring principal amount of RMB67,000,000.00 RMB8,500,000.00 (equivalent to approximately HK$71.7 HK$9.1 million).