Zhongguancun Science-Tech Leasing Announces Discloseable Finance Lease Transactions with Ground Iron Green Technology and Subsidiaries
Zhongguancun Science-Tech Leasing Announces Discloseable Finance Lease Transactions with Ground Iron Green Technology and Subsidiaries
Key Points of the Announcement
- Zhongguancun Science-Tech Leasing Co., Ltd. (Stock Code: 1601) has entered into a total of 13 finance lease agreements with Ground Iron Green Technology (Shenzhen) Co., Ltd. and its 12 subsidiaries.
- The total transfer consideration for new energy logistics vehicles is RMB70.00 million.
- The vehicles will be leased back to Ground Iron Green Technology and its subsidiaries for 18 months with aggregate total lease payment of approximately RMB73.50 million (including principal and finance lease interest income, inclusive of VAT).
- Finance lease interest income totals RMB3.50 million for the 18-month period.
- Guarantee: One of the ultimate beneficial owners of the Lessees provides joint and several liability guarantees for the debts under each agreement.
- The Lessees and their ultimate beneficial owners are independent third parties to the Company and its connected persons.
- The agreements are part of a series of transactions involving the same ultimate beneficial owner, requiring aggregation under the Hong Kong Listing Rules.
- Upon aggregation, the highest applicable percentage ratio is higher than 5% but less than 25%, making it a discloseable transaction under Chapter 14 of the Listing Rules.
Details of the Finance Lease Agreements
| Agreement |
Lessee |
Principal (RMB) |
Interest Income (RMB) |
Total Lease Payment (RMB) |
Net Book Value (RMB) |
| 83 |
Suzhou Guanyue New Energy Technology Co., Ltd. |
9,260,000 |
462,778 |
9,722,778 |
9,260,694.63 |
| 84 |
Zhengzhou Dishangtie New Energy Vehicle Service Co., Ltd. |
8,810,000 |
440,290 |
9,250,290 |
8,816,971.25 |
| 85 |
Wuhan Dishangtie New Energy Vehicle Technology Co., Ltd. |
7,850,000 |
392,311 |
8,242,311 |
7,857,440.88 |
| 86 |
Kunming Dishangtie New Energy Technology Co., Ltd. |
7,780,000 |
388,814 |
8,168,814 |
7,787,570.14 |
| 87 |
Chongqing Dishangtie New Energy Vehicle Technology Co., Ltd. |
5,840,000 |
291,860 |
6,131,860 |
5,841,765.65 |
| 88 |
Chengdu Guanyue New Energy Vehicle Technology Co., Ltd. |
4,950,000 |
247,382 |
5,197,382 |
4,956,734.60 |
| 89 |
Hangzhou Yishen New Energy Technology Co., Ltd. |
4,620,000 |
230,890 |
4,850,890 |
4,623,753.18 |
| 90 |
Guangzhou Molang Automobile Co., Ltd. |
4,180,000 |
208,899 |
4,388,899 |
4,183,608.98 |
| 91 |
Guangzhou An’an Automobile Co., Ltd. |
3,900,000 |
194,906 |
4,094,906 |
3,909,522.33 |
| 92 |
Beijing Tongtu Xinye Freight Transport Co., Ltd. |
3,790,000 |
189,408 |
3,979,408 |
3,798,540.36 |
| 93 |
Chengdu Zhilv Chuangxin New Energy Technology Co., Ltd. |
3,540,000 |
176,915 |
3,716,915 |
3,546,585.87 |
| 94 |
Ground Iron Green Technology (Shenzhen) Co., Ltd. |
2,260,000 |
112,947 |
2,372,947 |
2,307,127.00 |
| 95 |
Shenzhen An’an Automobile Co., Ltd. |
3,220,000 |
160,924 |
3,380,924 |
3,229,136.93 |
| Total |
|
70,000,000 |
3,498,324 |
73,498,324 |
70,119,451.80 |
Important Shareholder Information
- The transaction involves a significant capital outlay and is expected to generate stable revenue and profit for Zhongguancun Science-Tech Leasing over the lease period.
- This is part of a broader series of finance lease transactions with Ground Iron Green Technology and its subsidiaries, totaling 44 agreements within a 12-month period (21 agreements on May 30, 2025, 10 agreements on September 16, 2025, and 13 agreements on April 28, 2026).
- These aggregated transactions have triggered a discloseable transaction classification under Chapter 14 of the Hong Kong Listing Rules, which is price-sensitive information that investors should be aware of.
- The lease agreements include a nominal buy-back option for the lessees (RMB100) upon full performance of their obligations, indicating long-term partnership and asset utilization efficiency.
- Guarantee structure: Additional comfort is provided by joint and several liability guarantees from an ultimate beneficial owner, reducing credit risk.
- Funding: The transfer consideration will be funded by the Company’s internal resources and working capital, without external financing, demonstrating financial strength.
- The terms are determined on an arm’s-length basis, referencing the net book value of assets and market prices for similar lease products.
- The Company expects this transaction to support its business development strategy, enhance revenue streams, and reinforce its position as a leading finance lease provider to technology and new economy companies in China.
Potential Impact on Share Price
- The completion and aggregation of these finance lease transactions may positively affect Zhongguancun Science-Tech Leasing’s share value by:
- Enhancing recurring revenues and profit.
- Demonstrating robust demand for its finance lease solutions in the new energy logistics sector.
- Strengthening relationships with key clients and partners.
- Showcasing strong risk management through guarantees and careful asset valuation.
- Providing shareholders with greater confidence in the company’s growth strategy and execution capability.
- However, investors should monitor the performance of the underlying lessees and the new energy logistics vehicle sector, as any adverse developments could impact lease payments and asset values.
Company Background
Zhongguancun Science-Tech Leasing Co., Ltd. is a leading finance lease company in China, specializing in services for technology and new economy companies. It is the sole finance lease platform under Zhongguancun Development Group Co., Ltd., offering direct lease, sale-and-leaseback, and advisory services to support rapid growth and financial needs of its clients.
Transaction Structure and Listing Rule Implications
- The aggregated finance lease agreements constitute a discloseable transaction under the Hong Kong Listing Rules, requiring notification and public announcement.
- The Company has complied with all procedural requirements, and the Board considers the terms fair, reasonable, and in the best interests of shareholders.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The information is based on official company announcements and may be subject to change.
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