Qingling Motors Raises Equipment Lease Rates with IEC

Qingling Motors Co (HK:1122) has released an update.

Qingling Motors Co has revised its annual rent agreement with IEC, increasing the rate for leased equipment to RMB44,805,000 for 2024 and 2025. This adjustment, agreed on December 31, 2024, follows arm’s length negotiations and aligns with market terms. The transaction remains subject to specific reporting requirements but does not require independent shareholder approval.

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