DENOX ENV's subsidiary signed a financing lease agreement with Yongying Financial Leasing
DENOX ENV signed a financing lease agreement with Yongying Financial Leasing, in which the lessee Beijing DENOX ENV Technology Co., Ltd. will sell the leased assets to the lessor for RMB 10 million. The lease term is 36 months, and the total lease payment is RMB 10.8868 million. The leased assets include various production equipment, and the board believes that this agreement will provide the group with immediate liquidity to meet operational needs
According to the announcement from DENOX ENV (01452), on May 29, 2025, the lessee (Beijing DENOX Environmental Technology Co., Ltd., an indirect wholly-owned subsidiary of the company) entered into a financing lease agreement with the lessor (Yongying Financial Leasing Co., Ltd., an indirect wholly-owned subsidiary of Bank of Ningbo). Under this agreement, the lessee agrees to sell the leased assets to the lessor for a price of RMB 10 million; and the lessor agrees to lease back the assets to the lessee for a term of 36 months, with a total lease payment of RMB 10.8868 million.
The leased assets under this financing lease agreement include a vacuum extruder, a pre-extruder, a rotary cutting machine, a robotic arm, a set of primary/secondary drying roasting belt kiln equipment, a honeycomb catalyst electric heating belt calciner, a 53-meter double-layer electric heating belt kiln, multiple electric heating belt hot air dryers, a single-station quantitative coater and automated production line system, multiple precision steel mesh production lines, and a pre-filter.
The board believes that the group can obtain immediate liquidity through the sale and leaseback arrangement under the financing lease agreement to meet its business operations and working capital needs without having to sell its core production equipment assets
