Zhongguancun Science-Tech Leasing finalizes significant leaseback deals

Zhongguancun Science-Tech Leasing Co., Ltd. (the "Company") entered into two finance lease agreements which, when aggregated, constitute a disclosable transaction. Finance Lease Agreement II, dated September 2, 2025, involves acquiring Leased Assets II from Inner Mongolia Snow New Material Technology Co., Ltd. for 49,000,000 yuan and a subsequent 12-month leaseback, with total payments of approximately 50,573,120 yuan. Leased Assets II are graphitization furnaces and other equipment for negative electrode materials, with a net book value of approximately 49,017,717 yuan.

This transaction aggregates with Finance Lease Agreement I, dated December 20, 2024, which involved the acquisition of Leased Assets I (negative electrode material production equipment, net book value 38,123,994 yuan) for 38,000,000 yuan and a 24-month leaseback, with total payments of approximately 40,150,805 yuan. The lessee, an independent third party, is engaged in battery negative electrode material production, and its equity is held by Nationz Technologies Inc., POSCO FUTURE M CO., LTD, and Zhejiang Huayou Cobalt Co., Ltd. The Company's board confirmed these agreements are in the ordinary course of business, generating revenue and profit, and are fair and reasonable.