GIS-KY Subsidiary Yehuan Technology (Chengdu) Announces Early Termination of Real Estate Right-of-Use Asset Lease Agreement
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40/100
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5
AI Summary (NQ-processed)
Yehuan Technology (Chengdu) Co., Ltd., a subsidiary of GIS-KY, announced the early termination of its right-of-use asset lease agreement with related party Yecheng Technology (Chengdu) Co., Ltd. on June 30, 2026. The remaining right-of-use asset of approximately RMB 717,000 will be derecognized, with no impact on GIS's financial or operational performance.
AI Analysis
Frequently Asked Questions
- Q: Why did Yehuan Tech (Chengdu) terminate the lease agreement?
- A: The lease was terminated early on June 30, 2026, due to operational adjustments.
- Q: What is the financial impact of this action?
- A: It is part of group-wide optimization and has no impact on GIS's financials or operations.
- Q: What is the remaining right-of-use asset amount?
- A: Approximately RMB 717,000 in right-of-use assets will be derecognized.