Zhongguancun Science-Tech Leasing enters new $7.3m finance lease deal

Zhongguancun Science-Tech Leasing Co., Ltd. has entered into Finance Lease Agreement VI with Lessee I, effective November 3, 2025. The company will acquire surgical instruments from Lessee I for a transfer consideration of RMB53,000,000. These assets will then be leased back to Lessee I for an 18-month term.

The total finance lease payment is approximately RMB57,093,174, comprising a principal of RMB53,000,000 and interest income (inclusive of VAT) of about RMB4,093,174. The leased assets are surgical instruments with a net book value of approximately RMB53,750,128.76.

This transaction is considered a discloseable transaction under Chapter 14 of the Listing Rules. This is because, when aggregated with prior agreements (Finance Lease Agreement IV and V) within a 12-month period, the highest applicable percentage ratio exceeds 5% but remains below 25%. Lessee I is a limited liability company in the PRC primarily engaged in the sales of orthopedic consumables.

The company's directors believe this transaction aligns with its business development strategy and is expected to generate revenue and profit. Terms were determined through arm's-length negotiation, referencing the assets' net book value and prevailing market prices for similar finance lease products in the PRC.