Gelonghui Co., Ltd. (300340.SZ) announced that in order to meet the normal production, operation and liquidity needs of the company and its subsidiaries, the company and its wholly-owned subsidiaries Yingde Keheng New Energy Technology Co., Ltd. (“Yingde Keheng”), Zhuhai Keheng New Energy Materials Co., Ltd. (“Zhuhai Keheng”), Zhuhai Keheng Intelligent Equipment Co., Ltd. (“Zhuhai Haoneng” for short), Shenzhen Haoneng Technology Co., Ltd. (“Gree Supply Chain” for short), Shenzhen Haoneng Technology Co., Ltd. (“Haoneng Technology”) and Zhuhai Gree Supply Chain Management Co., Ltd. (“Gree Supply Chain” for short)), Zhuhai Gechuang Supply Chain Management Co., Ltd. (“Gechuang Supply Chain” for short) will carry out the business cooperation agreed in the “Cooperation Framework Agreement”. Gree Supply Chain and Gechuang Supply Chain have given Jiangmen Keheng, Yingde Keheng, Zhuhai Keheng, Zhuhai Haoneng, and Haoneng Technology a total procurement business quota of RMB 650 million. This amount is a recyclable quota. At the same time, after review of Haoneng Technology's internal procedures, it was agreed to provide pledge guarantee liability for accounts receivable for the full and effective implementation of the “Cooperation Framework Agreement” and Gree Supply Chain and the “Product Sales Contract” signed between Jiangmen Keheng, Yingde Keheng, Zhuhai Keneng, Zhuhai Hanneng, and Haoneng Technology.
Gree Supply Chain and Gechuang Supply Chain purchased corresponding raw materials confirmed by each party and sold to Jiangmen Keheng, Yingde Keheng, Zhuhai HaoNeng and Haoneng Technology according to the order requirements of Jiangmen Keheng, Yingde Keheng, Zhuhai HaoNeng and Haoneng Technology to meet their normal production needs; Gree Supply Chain and Gechuang Supply Chain together supply a total raw material procurement business amount of RMB 650 million. This amount is a recyclable usage quota; the agreement is a recyclable usage quota; the agreement is signed by all parties and approved by the relevant authorized agencies until December 31, 2024. Yes, it continues until the end of the business Expires on the Qing dynasty. If there is no written objection by either party before the expiration of this agreement, it will automatically continue for two years (until December 31, 2026; if the business is unsettled, it will continue until the date the business is settled).