Zhongguancun Science-Tech Leasing Co., Ltd. Announces Series of Major Finance Lease Transactions with Ganzhou Kingsun Technology Co., Ltd.

April 27, 2026 – Zhongguancun Science-Tech Leasing Co., Ltd. (“the Company”, Stock Code: 1601) has disclosed a significant series of finance lease transactions with Ganzhou Kingsun Technology Co., Ltd. (“the Lessee”), a core supplier in the high-end precision substrate sector. The deals, executed over the past 12 months, are classified as discloseable transactions under Hong Kong’s Listing Rules and are expected to provide substantial revenue and cash flow contributions to the Company.

Key Points of the Announcement

• Aggregate Value and Structure of Transactions:
  • Four finance lease agreements were signed between August 2025 and April 2026, totaling a combined principal amount of RMB 55 million and aggregate finance lease interest income of approximately RMB 3.83 million (inclusive of VAT).
  • The agreements involve a classic sale-and-leaseback model: Zhongguancun Science-Tech Leasing acquires equipment and intellectual property from Ganzhou Kingsun Technology and leases these assets back to the Lessee over a 24-month period.
  • The total finance lease payments, including principal and interest, amount to approximately RMB 58.83 million, paid in quarterly installments by the Lessee.
• Details of the Leased Assets:
  • Leased Assets I: Wastewater treatment equipment, net book value RMB 10.71 million.
  • Leased Assets II: Acidic etchant copper recovery and regeneration system, net book value RMB 13.57 million.
  • Leased Assets III: Patent related to printed circuit boards, appraisal value RMB 6.67 million.
  • Leased Assets IV: PCB production/manufacturing equipment, net book value RMB 30.53 million.
• Guarantees and Security:
  • Three ultimate beneficial owners of Ganzhou Kingsun Technology will provide joint and several liability guarantees for all four agreements.
  • For the latest agreement (IV), an additional guarantee is provided by a wholly owned subsidiary of the Lessee.
• Transaction Rationale and Benefits:
  • The transactions are positioned as part of the ordinary and usual course of business for Zhongguancun Science-Tech Leasing, supporting its strategy of serving technology and new economy companies in China.
  • The series of deals are expected to generate stable revenue and profit, enhancing the Company’s cash flow and financial performance over the lease period.
• Shareholder and Price-Sensitive Implications:
  • Due to the aggregate size of these transactions—where the highest applicable percentage ratio exceeds 5% but is less than 25%—the deals are classified as discloseable transactions under Chapter 14 of the Hong Kong Listing Rules. This triggers specific notification and announcement obligations to the market.
  • The transaction provides transparency on the Company’s client base, asset quality, and revenue generation prospects, potentially impacting market perception and share price.
  • The structured guarantees and security arrangements mitigate credit risk, strengthening the Company’s risk profile in the eyes of investors.
• Completion and Transfer Terms:
  • Upon the Lessee’s fulfillment of all obligations over the lease terms, it has the right to reacquire the leased assets at a nominal value of RMB 100 per agreement.
  • The transactions are funded from the Company’s general working capital and internal resources, with no separate profit calculation for the assets before and after tax.
• Background of Parties:
  • Zhongguancun Science-Tech Leasing Co., Ltd.: A leading finance lease company under Zhongguancun Development Group Co., Ltd., dedicated to technology and new economy sectors with a focus on both direct lease and sale-and-leaseback solutions, as well as advisory services.
  • Ganzhou Kingsun Technology Co., Ltd.: Leading supplier of high-end precision substrates, with a diverse shareholder base including notable industry and government-backed entities.

Investor Takeaways

• The series of transactions represent a significant addition to the Company’s asset base and income streams, reinforcing its role as a financier to China’s technology sector.
• The deals showcase prudent risk management via strong guarantee structures, which may be viewed favorably by the market.
• The scale and transparency of these transactions are likely to be price-sensitive, as they enhance visibility on future revenue streams and the Company’s growth trajectory.
• Investors should monitor subsequent financial reports for the impact of these leases on the Company’s profitability and cash flow, as well as any changes in risk profile related to Lessee performance.
• The notification and aggregation requirements under the Listing Rules highlight the materiality of these transactions to the Company’s business operations.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisers before making any investment decisions. The information is based on public disclosures as of April 27, 2026, and may be subject to change.

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