Zhongguancun Science-Tech Leasing aggregates finance lease transactions, revises fund agreement

Zhongguancun Science-Tech Leasing Co., Ltd. announced two finance lease agreements, which were aggregated due to common control of the lessees. The highest applicable percentage ratio for each transaction individually was below 5%, but aggregation placed the highest ratio between 5% and 25%, classifying Finance Lease Agreement II as a discloseable transaction under Chapter 14 of the Listing Rules.

On December 5, 2025, the company entered into Finance Lease Agreement II with Lessee II, acquiring assets for RMB30,000,000 and leasing them back for 12 months with total payments of RMB30,821,226. Previously, on December 30, 2024, Finance Lease Agreement I was executed with Lessee I, involving asset acquisition for RMB49,000,000 and a 24-month leaseback, totaling RMB51,329,390 in payments.

Separately, a supplemental announcement detailed revisions to the Fund Partnership Agreement. The Investment Decision Committee's composition was amended, changing ZGC Co-Innovative's recommendation right from one to two members, and Beijing Zhongnuo's from two to one. Furthermore, the allocation of catch-up distributions to executive partners was revised, with ZGC Co-Innovative and Beijing Zhongnuo each receiving 50% of this income, adjusted from the previous 30% and 70% split, respectively.