<p>According to the news from Zhitong Finance and Economics APP, DOYEN INTL HOLD (00668) announced that on October 29, 2024, its direct wholly-owned subsidiary Dongrui, holding 77.58% through Dongying Investment, entered into a factoring agreement with Chongqing Pumei, a joint venture company (a Sino-foreign joint venture established in accordance with Chinese laws, with the company holding 77.58% as of the date of this announcement). Dongrui agreed to provide financing within a one-year period from the date of signing the factoring agreement, with a factoring amount of RMB 26 million, using accounts receivable transferred by Chongqing Pumei's factoring clients to Chongqing Pumei as collateral</p>

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<p>DOYEN INTL HOLD announced that its wholly-owned subsidiary Dongrui has signed a factoring agreement with Chongqing Pumei, with a financing amount of 26 million RMB and a term of one year. The agreement involves the accounts receivable transferred by Chongqing Pumei's factoring clients as collateral</p>

DOYEN INTL HOLD: DongRui and Chongqing PuMei enter into factoring agreement