Alliance International renews major finance leasing deal with Nanshan Group

Alliance International Education Leasing Holdings Limited announced on October 13, 2025, the renewal of its finance leasing framework agreement with Nanshan Group, effective from January 1, 2026, to March 31, 2028. This constitutes a major and continuing connected transaction for the company. The group will provide finance leasing services, including sale-leaseback and direct finance leasing, to Nanshan Group, with rental fees comprising principal amounts and interest income.

The annual caps for the new agreement are RMB 1,114,184,000 for the period from January 1, 2026, to March 31, 2026, RMB 1,603,751,000 for the year ending March 31, 2027, and RMB 1,708,301,000 for the year ending March 31, 2028. These caps cover new individual agreements and existing outstanding finance leases. Nanshan Group Co., Ltd. is a connected person of the company, owned 51% by Nanshan Village's committee and 49% by Song Jianbo, who is the spouse of Sui Yongqing, a controlling shareholder.

The transaction is subject to independent shareholders' approval at an extraordinary general meeting (EGM) and compliance with listing rules requirements. An independent board committee and an independent financial adviser will be appointed to advise shareholders. The company expects to dispatch a circular and notice convening the EGM on or before November 4, 2025.