**: Sina Hong Kong stocks.
VPower Group (01608) announced that according to the original equipment agreement, VPower (a wholly-owned subsidiary of the company) as the buyer agreed to purchase overseas equipment from RRSHK (an independent third-party ** supplier) for the sale of certain power systems of the group.
In order to enjoy better payment terms for the balance of the purchase of such overseas equipment, on 4 December 2023, VPower entered into the following arrangement:
1) VPower as the purchaser, RRSHK as the seller and ZTC (the controlling shareholder) as the co-purchaser entered into the Supplemental Equipment Agreement, pursuant to which ZTC was added to each of the original equipment agreements as a co-purchaser and will be responsible for paying the balance of the overseas equipment purchased by VPower from RRSHK under the original equipment agreement (i.e. approximately 791.).120,000 euros, about 6,724HK$490,000);And.
2) VPower entered into an overseas purchase agreement as the buyer and Zhongji as the seller, pursuant to which VPower agreed to pay the overseas purchase consideration (i.e. 817.).750,000 euros, about 6,950HK$90,000) to purchase overseas equipment from China Technology Co., Ltd., with a credit period of 180 days.
In addition, the Group had to procure certain accessories, including cooling radiators and alternators, for the sale of the customer's power system for the manufacture and integration of the generator sets.
In order to enjoy better payment terms for the purchase of Chinese accessories, on 4 December 2023 (after trading hours), VPower Shenzhen (a wholly-owned subsidiary of the Company) entered into a China Purchase Agreement as the Purchaser and Zhongji as the Seller, pursuant to which VPower Shenzhen conditionally agreed to pay the PRC Purchase Consideration (i.e. approximately RMB1086.).970,000 yuan) (including VAT) to purchase Chinese accessories from Zhongji Company, with a credit period of 240 days.