IRICO Group’s Subsidiary Secures Key Equipment Lease

IRICO Group New Energy Co. Ltd. Class H (HK:0438) has released an update.

IRICO Group New Energy Co. Ltd.’s subsidiary, Hefei Photovoltaic, has entered into a three-year equipment lease agreement with Industrial Intelligent, a connected entity, at a monthly rate of RMB373,946.17. This transaction, categorized as a connected transaction under Hong Kong’s Listing Rules, involves leasing power supply and distribution equipment critical for Hefei Photovoltaic’s operations. The agreement is subject to reporting requirements but does not require independent shareholder approval.

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