Zhongguancun Science-Tech Leasing finalizes two new lease agreements

Zhongguancun Science-Tech Leasing Co., Ltd. (HKEX:1601) entered into two finance lease agreements on December 23, 2025. The first agreement, "Finance Lease Agreement III," involves the acquisition of negative electrode material production equipment from Inner Mongolia Snow New Material Technology Co., Ltd. for 40.00 million yuan, then leased back for 12 months. The total finance lease payment is approximately 41.15 million yuan, including 1.15 million yuan in interest income. This transaction, when aggregated with "Finance Lease Agreement II" from September 2, 2025, constitutes a discloseable transaction under Chapter 14 of the Listing Rules.

The second agreement, referred to as "Finance Lease Agreement," also finalized on December 23, 2025, is with Shandong Blue Sail Innovation Co., Ltd. This agreement involves the acquisition of a PVC protective gloves production line for 100.00 million yuan, to be leased back for 24 months. The total finance lease payment for this agreement is approximately 105.26 million yuan, comprising a 100.00 million yuan principal and 5.26 million yuan in interest income. This transaction also qualifies as a discloseable transaction.

Both agreements are part of the company's ordinary business, aiming to provide stable revenue and cash flow. The terms were negotiated at arm's length, considering the net book value of the leased assets and prevailing market prices.