New Concepts Holdings Announces Major Finance Lease Arrangement with Wanjiang Leasing

Key Highlights

• Major Transaction: New Concepts Holdings Limited (“the Company”, Stock Code: 2221) has announced a new major finance lease arrangement involving the sale and leaseback of kitchen waste treatment equipment and related facilities.
• Increased Financing: The new arrangement with Wanjiang Financial Leasing Co., Ltd. (“Wanjiang Leasing”) provides the Company with RMB70 million in financing – a notable increase from the previous arrangement’s RMB56 million.
• Improved Terms: The new finance lease offers a lower interest rate (5.70% per annum) and a longer lease term (six years) compared to the previous agreement (6.5067% per annum, five years).
• Multiple Guarantees and Security: The arrangement is secured by multiple guarantees from subsidiaries and the chairman, asset charges, and pledges over account receivables and equity interests.
• Shareholder Approval Required: As the transaction constitutes a major transaction under Hong Kong Listing Rules, it requires approval from shareholders and is subject to various conditions precedent.
• Potential Share Price Impact: The improved financing terms, additional liquidity, and the extension of the lease period could be price sensitive and may positively affect the share value, depending on market perception and execution.

Transaction Details

• Background:
  • The Company had previously entered into a finance lease in March 2025 for RMB56 million with Jiangsu Financial Leasing, but decided to terminate this in May 2026.
• New Arrangement:
  • On 29 May 2026, the Company’s indirect wholly-owned PRC subsidiary (“Lessee”: Hefei Feifan Biological Technology Company Limited) signed a Transfer Agreement and a Finance Lease Agreement with Wanjiang Leasing.
  • Wanjiang Leasing will purchase the leased assets (kitchen waste treatment and expansion equipment) for RMB70 million, then lease them back to the Lessee for six years at 5.70% interest.
  • The assets’ net book value is approximately RMB104.83 million, while the original cost was RMB165.25 million.
• Security and Guarantees:
  • Multiple guarantees have been executed:
    • Guarantee I: Fancy Ascent Limited (indirect wholly-owned subsidiary)
    • Guarantee II: United Swift Limited (indirect wholly-owned subsidiary)
    • Guarantee III: The Company itself
    • Guarantee IV: Mr. Zhu Yongjun (Chairman and Executive Director)
  • Legal charges over the assets, land use rights, and 100% equity interest of the Lessee in favour of Wanjiang Leasing.
  • Pledge over all account receivables, including electricity tariffs, carbon credits, and related environmental rights.
• Payment Conditions:
  • The RMB70 million Purchase Price is subject to a series of conditions, including board approvals, completion of registrations, settlement of previous leases, deposit of security funds (RMB3.5 million), and delivery of various legal documents.
  • Upon completion, the funds will be paid to the Lessee, either lump sum or in instalments, within 30 business days.
• Lease Terms:
  • The Lessee will pay the principal plus interest in 24 quarterly instalments (approx. RMB2.92 million per instalment, plus interest).
  • There is a buyback option at the end of the lease period for RMB1,000, subject to fulfillment of all obligations.
  • Default interest of 0.05% per day applies for late payments.

Rationale and Impact

• The new arrangement provides the Group with additional liquidity for working capital and debt repayment, while allowing continued use of the operational assets.
• Other fundraising alternatives (bank loans, equity fundraising) were deemed unfeasible due to lack of acceptable collateral and the Company’s share price being below par value.
• The transaction is expected to increase both assets (cash proceeds) and liabilities (lease obligations) by RMB70 million; net proceeds after costs are estimated at RMB69.5 million.
• No gain or loss will be recorded in the income statement, as this is accounted for as a financing arrangement under HKFRS.
• Shareholder approval is required, and completion is subject to satisfaction or waiver of conditions precedent. There is no guarantee the transaction will materialise.

Price-Sensitive Information for Shareholders

• The improved financing terms (lower interest, longer duration, higher proceeds) strengthen the Group’s financial position and could positively impact share value if successfully executed.
• Failure to complete the transaction could have adverse liquidity implications.
• Shareholders should exercise caution when dealing in the Company’s shares pending finalisation of the deal.
• A detailed circular will be sent to shareholders on or before 17 July 2026, with further disclosures and a vote to follow.

About the Parties

• Wanjiang Leasing: A major PRC non-bank financial institution, 79.03% state-owned, 20.97% owned by Bohai Leasing (listed in Shenzhen, 000415), focused on green energy and infrastructure leasing.
• Lessee: Hefei Feifan Biological Technology Company Limited, PRC-based, 100% owned by the Company, engaged in kitchen waste treatment.
• Guarantors: Two indirect subsidiaries, the Company itself, and chairman Mr. Zhu Yongjun.

Next Steps and Caution

• The transaction requires shareholder approval and completion of regulatory and contractual conditions.
• There is no certainty the arrangement will materialise; investors should monitor further announcements and exercise caution.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should refer to official Company disclosures and consult their own advisors before making investment decisions. The transaction described is subject to conditions and may not be completed as proposed.

新概念控股宣佈與皖江金融租賃簽訂主要融資租賃安排

重點摘要

• 主要交易： 新概念控股有限公司（「公司」, 股票代碼: 2221）宣佈與皖江金融租賃股份有限公司（「皖江租賃」）簽訂一項涉及廚餘處理設備及相關設施的售後回租主要融資租賃安排。
• 融資額提升： 新協議提供人民幣7,000萬元融資，較舊協議的5,600萬元顯著提升。
• 條款優化： 新融資租賃利率為每年5.70%，期限為6年，較之前協議（年息6.5067%，5年）更優。
• 多重擔保及抵押： 協議由多間子公司及主席擔保，並提供資產、賬款及股權等多重抵押品。
• 需股東批准： 該交易構成上市規則下之主要交易，須取得股東批准，並受多項先決條件限制。
• 潛在股價影響： 更優融資條款、額外流動資金及延長租期均可能對股價帶來正面影響，具高度敏感性，值得股東關注。

交易詳情

• 背景：
  • 公司於2025年3月曾與江蘇金融租賃簽訂5,600萬元融資租賃協議，但於2026年5月提出提前終止。
• 新安排：
  • 2026年5月29日，公司間接全資附屬合肥非凡生物科技有限公司（「承租人」）與皖江租賃分別簽訂轉讓協議及融資租賃協議。
  • 皖江租賃以7,000萬元購入承租人廚餘處理及擴建設備，並以每年5.70%利息、為期6年租回予承租人。
  • 相關資產賬面淨值約為1.0483億元人民幣，原始成本為1.6525億元。
• 擔保及抵押安排：
  • 多重擔保包括：
    • 宜昇有限公司（間接全資附屬）
    • United Swift Limited（間接全資附屬）
    • 公司本身
    • 董事會主席朱永軍先生
  • 資產及土地使用權、100%股權抵押予皖江租賃。
  • 所有賬款（包括電費、碳權等）亦設質押。
• 付款條件：
  • 7,000萬元購買價需滿足多項條件，包括董事會決議、登記、結清舊租賃、存入保證金（350萬元）及相關法律文件。
  • 全部完成後，款項將於30個工作日內一次性或分期支付承租人。
• 租賃條款：
  • 承租人將分24期（每季約292萬元本金加利息）償還本金及利息。
  • 租期屆滿後，承租人可支付1,000元人民幣回購資產（須完成所有義務）。
  • 如逾期付款，將按日收取違約金（0.05%）。

交易原因及影響

• 新協議令集團獲得額外流動資金，用於一般營運及償債，同時保留設備使用權。
• 集團曾嘗試銀行借貸及股權融資，但因缺乏合資格抵押品及股價低於面值，均不可行。
• 預期總資產及負債均將增加7,000萬元；扣除成本後，淨收益約為6,950萬元。
• 根據會計準則，該交易不會令損益表產生任何收益或虧損。
• 交易須股東批准，完成需滿足或豁免多項條件，並不保證最終能成事。

對股東的敏感資訊

• 新協議提供更低利率、更長期限及更高融資額，有助改善集團財務狀況，若能順利完成，對股價或有正面推動。
• 若交易未能完成，或對流動性構成壓力。
• 股東於交易最終落實前應審慎處理股份。
• 公司將於2026年7月17日或之前向股東派發通函，並安排表決。

主要交易方簡介

• 皖江租賃： 內地大型非銀行金融機構，國有佔79.03%，渤海租賃（深交所上市，000415）佔20.97%，主攻綠色能源及基建租賃。
• 承租人： 合肥非凡生物科技有限公司，主營廚餘處理，為公司全資附屬。
• 擔保人： 兩間間接附屬、公司本身及董事會主席朱永軍先生。

後續及風險提示

• 交易須經股東批准及完成監管及合同條件。
• 交易未必最終能完成，投資者須密切留意公司後續公告，審慎投資。

免責聲明： 本文僅供參考，並不構成任何投資建議。投資者應參考公司官方公告及諮詢專業顧問，交易須待條件達成方可最終落實。

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