Zhitong Finance APP news, Doyen Intl Hold (00668) announced that, on September 10, 2024, the joint venture company (a Sino-foreign joint venture enterprise established according to Chinese law, on this announcement date, owned 77.58% by the Company through Dongying Investment) direct wholly-owned subsidiary Dongrui and Shanghai Hongxuan entered into factoring agreement 1. Dongrui agreed to provide financing within one year from the date of signing factoring agreement 1, the factoring amount is RMB 15.5 million (approximately equivalent to HKD 17.1 million), with the receivables transferred by Shanghai Hongxuan's factoring clients as collateral.

On September 24, 2024, Dongrui entered into factoring agreement 2. Dongrui agreed to provide financing within one year from the date of signing factoring agreement 2, the factoring amount is RMB 25.5 million (approximately equivalent to HKD 28.1 million), with the receivables transferred by Shanghai Hongxuan's factoring clients as collateral.