Gaoyu Finance Group Limited (08221) has confirmed that its wholly owned subsidiary, Chance Wise Holdings, signed three “2026 Master Supply Chain Financing Agreements” on 16 April 2026 with independent 3C-product wholesalers—Yue Yang Shi Ji (Customer D), HK Jierun Technology (Customer E) and Hong Kong Broad Trading (Customer F).
Chance Wise will make revolving advances of up to US$22 million (HK$171.60 million) each to Customers D and F and up to US$10 million (HK$78.00 million) to Customer E, bringing the aggregate facility ceiling to US$54 million (approximately HK$421.20 million). Advances accrue interest daily (minimum seven days) at 1.00% per month for Customers D and F and 1.20% per month for Customer E. Each drawdown must be repaid within 90 days; overdue sums attract default interest of 0.10% per day. All advances are fully secured by pledged 3C products stored in Gaoyu’s warehouse, which the company may liquidate if repayment is not made within 30 days of maturity.
Historical utilisation under the prior 2024–2026 framework reached US$13 million for Customer D and US$6.50 million each for Customers E and F, with all repayments received on schedule. The enlarged limits reflect anticipated growth—management cites Customer D’s and F’s rising demand (+32% and +83% year-on-year respectively) and Customer E’s expanded distribution network.
Funding will be sourced primarily from internal working capital—currently about HK$150 million—and an undrawn HK$23.10 million bank facility obtained in April 2024. Group borrowings stood at HK$37.12 million as of 30 April 2026.
The agreements run until 31 March 2029 and are classified as major transactions under Chapter 19 of the GEM Listing Rules, with applicable percentage ratios exceeding 25%. The controlling shareholder, Chance Wise Investments (50.41% stake), has provided written approval, obviating the need for a general meeting. Gaoyu’s board considers the terms “fair and reasonable” and expects the facilities to deliver stable interest income while supporting expansion of the 3C wholesaler clientele.