Zhongguancun Science-Tech Leasing finalizes RMB30m lease deal

Zhongguancun Science-Tech Leasing Co., Ltd. entered into Finance Lease Agreement II with Lessee II on December 10, 2025. The lessor will acquire automatic strap threading machines and other high-speed cable production equipment for RMB30,000,000. These assets, with a net book value of RMB39,471,302.81, will then be leased back to Lessee II for 24 months.

The total finance lease payment is approximately RMB31,727,200, comprising a principal of RMB30,000,000 and interest income (inclusive of VAT) of RMB1,727,200. Lessee II will make quarterly installment payments.

The agreement's terms were determined through arm's length negotiation, considering the net book value of the leased assets and prevailing market prices for similar finance lease products in the PRC. The controlling shareholder of Lessee II will provide a joint and several liabilities guarantee for the debts.