Hycomm Wireless Unit Enters RMB 30 Million Finance Lease for Heating Equipment

Hycomm Wireless (00132.HK) announced that its subsidiary has entered into a finance lease agreement valued at RMB 30 million (approximately HK$35.04 million) for a portfolio of heating assets. The transaction is part of the subsidiary's regular business activities and is aimed at securing a steady income and cash flow for the group.

Details of the Agreement

In a statement released on September 8, 2026, the company disclosed that its subsidiary, Green Gold Leasing, executed the agreement with an unnamed lessee. Under the terms of the deal, Green Gold Leasing will acquire ownership of the specified assets from the lessee for RMB 30 million and subsequently lease them back.

The assets covered by the six-year lease term consist of designated heating equipment and facilities located in Tongliao City, Inner Mongolia, China. The lessee will retain the use and possession of the equipment for the duration of the agreement.

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Strategic Rationale

Hycomm Wireless stated that entering into this type of finance lease is part of the "ordinary and usual course of business" for its Green Gold Leasing subsidiary. The primary objective is to generate stable, long-term returns for the parent company.

The board of directors affirmed that the transaction was conducted on normal commercial terms and is considered fair and reasonable. They concluded that the agreement is in the best overall interests of the company and its shareholders.