Zhongguancun Science-Tech Leasing enters new finance lease for data communication assets

Zhongguancun Science-Tech Leasing Co., Ltd. entered into Finance Lease Agreement II with a lessee on November 28, 2025. Under this agreement, the company will acquire Leased Assets II from the lessee for a transfer consideration of RMB20,000,000 and lease them back for 18 months. The total finance lease payment is approximately RMB20,980,162, including a principal of RMB20,000,000 and interest income of RMB980,162 (inclusive of VAT).

This transaction follows Finance Lease Agreement I, entered on January 13, 2025, for Leased Assets I. That agreement also involved a RMB20,000,000 transfer consideration, an 18-month lease term, and a total finance lease payment of approximately RMB21,111,833, comprising RMB20,000,000 principal and RMB1,111,833 interest income (inclusive of VAT). Both leased assets are related to data communications business, with Leased Assets I having a net book value of RMB34,310,664.31 and Leased Assets II RMB47,903,802.75.

As these transactions occurred within a 12-month period, they are aggregated per Listing Rule 14.22. Individually, each agreement's highest applicable percentage ratio is less than 5%; however, when aggregated, the ratio exceeds 5% but remains below 25%, classifying the Finance Lease Agreement II as a discloseable transaction requiring notification and announcement.