BJ DIGITAL(06188) subsidiary enters into factoring financing agreement

date
08:34 21/09/2026
avatar
GMT Eight
DIGITAL CHINA (06188) announces that on September 20, 2026, Beijing Dixin Commerce and Trade (a directly wholly-owned subsidiary of the Company) entered into a factoring financing agreement with the factoring company, pursuant to which Beijing Dixin Commerce and Trade has agreed to transfer certain trade receivables of its customers to the factoring company, and the factoring company will, in consideration thereof, provide Beijing Dixin Commerce and Trade with a revolving factoring financing facility with recourse. The purpose of transferring certain trade receivables of customers to the factoring company before such trade receivables become due is to enable Beijing Dixin Commerce and Trade to obtain financing under the factoring financing agreement before the payment date on which customers pay such trade receivables, thereby improving the Group's cash flow and liquidity position.
BJ DIGITAL (06188) announced that on September 20, 2026, Beijing Dixin Trading (a directly wholly-owned subsidiary of the Company) entered into a factoring financing agreement with the factoring company, pursuant to which Beijing Dixin Trading has agreed to transfer certain trade receivables of its customers to the factoring company, and the factoring company will, as consideration, provide Beijing Dixin Trading with a recourse revolving factoring financing facility. The purpose of transferring certain trade receivables of customers to the factoring company before such trade receivables become due is to enable Beijing Dixin Trading to obtain financing under the factoring financing agreement before the payment date on which customers pay such trade receivables, thereby improving the Group's cash flow and liquidity position.