Zhongguancun Science-Tech Leasing Announces Discloseable Finance Lease Transactions

Key Highlights from the Latest Corporate Announcement

• Significant Series of Finance Lease Agreements:
  Zhongguancun Science-Tech Leasing Co., Ltd. (“the Company”) disclosed the signing of three substantial finance lease agreements with Shanghai Fengling New Energy Co., Ltd. (“the Lessee”), a PRC-based concrete tower manufacturer, within a 12-month period.
• Aggregate Value and Terms:
  The three agreements, entered into on November 28, 2025, December 11, 2025, and April 30, 2026, collectively amount to RMB74 million in principal, with total lease payments of approximately RMB80.69 million over 36-month terms.
• Discloseable Transaction Status:
  The aggregation of these transactions under Rule 14.22 of the Hong Kong Listing Rules means the highest applicable percentage ratio exceeds 5% but is less than 25%. As a result, the latest agreement constitutes a discloseable transaction, triggering notification and announcement requirements under Chapter 14 of the Listing Rules.

Detailed Breakdown of the Finance Lease Agreements

Important Information for Shareholders

• Revenue and Cash Flow Impact:
  The three agreements are expected to bring in stable revenue streams and positive cash flow over the next three years, as they generate both interest income and new business volume in the Company’s core finance lease segment.
• Business Strategy Alignment:
  The deals are part of the Company’s ordinary course of business and align with its strategy to provide financial solutions to technology and new economy companies in China.
• Credit Risk Mitigation:
  Each agreement has joint and several liability guarantees provided by one of the ultimate beneficial owners of the Lessee, reducing potential credit risks.
• Asset Reacquisition Option:
  Upon completion of all obligations under the agreements, the Lessee will be entitled to reacquire the leased assets at a nominal value of RMB100, a common practice in sale-and-leaseback structures.
• Shareholder Value and Price Sensitivity:
  As the aggregate size of these finance lease transactions is significant relative to the Company’s operations, they may positively influence the Company’s financial performance and, consequently, share value. The announcement of such a series of deals—representing stable, contracted revenue—may be considered price sensitive.
• Independence of Counterparty:
  The Lessee and its ultimate beneficial owners are independent third parties, not connected with the Company or its connected persons, minimizing related party risk.

Background on the Parties

• Zhongguancun Science-Tech Leasing Co., Ltd.:
  A leading PRC-based finance lease company serving technology and new economy companies, providing direct lease and sale-and-leaseback solutions.
• Shanghai Fengling New Energy Co., Ltd.:
  The Lessee is a limited company engaged in the production and sale of concrete towers, with diversified ownership including Hainan Xincai New Energy Partnership (53.25%) and Fujian Saiyingte No. 2 Equity Investment Partnership (14.37%), and a further diversified shareholder base.

Conclusion

The Board is confident that the agreements are fair, reasonable, and in the best interests of the Company and its shareholders. These transactions are expected to enhance revenue and profit over the lease periods, support the Company’s business strategy, and provide shareholders with enhanced value and predictability of earnings.

Disclaimer

The information provided herein is for informational purposes only and does not constitute investment advice. Shareholders and potential investors are advised to exercise caution when dealing in the shares of Zhongguancun Science-Tech Leasing Co., Ltd. and to seek professional advice if in doubt.

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