China Development Bank Leasing discloses new finance lease with Shanghai Mingxing

On December 15, 2025, China Development Bank Financial Leasing Co. Ltd. (as lessor) announced a current finance lease agreement with Shanghai Mingxing Auto Service Co., Ltd. (as lessee). Under this agreement, the lessor purchased vehicles from the lessee for 182,000,000 yuan and subsequently leased them back for 12 months. The net book value of the leased assets is approximately 212,000,000 yuan, with total lease interest estimated at 6,700,000 yuan.

This current transaction is aggregated with several prior finance lease agreements totaling 961,100,000 yuan entered into with the same lessee within the preceding 12 months. The aggregate consideration for these transactions, including the current one, results in a percentage ratio higher than 5% but lower than 25%.

Therefore, the current transaction is classified as a discloseable transaction, subject to reporting and announcement requirements under Chapter 14 of the Listing Rules. It is exempt from circular and shareholders' approval requirements. The company states that this transaction is part of its ordinary course of business, aiming to increase revenue from its finance lease operations.