LEADER EDU(01449): Heilongjiang Business College and Haier signed a post-sale lease contract (Haier) and a consulting service contract (Haier).

LEADER EDU (01449) announced that on October 27, 2025 (after trading hours), Heilongjiang Business College and Haier entered into an after-sale leaseback contract (Haier) and a consulting service contract (Haier) for a sale price of RMB 30 million and a total leasing payment of RMB 32.9201 million. The leased assets (Haier) include servers, switches, air conditioners, tables, chairs, LED screens, etc. Heilongjiang Business College also entered into a consulting service contract (Haier) with Haier on October 27, 2025 (after trading hours). Under this agreement, Haier agreed to provide consulting services to Heilongjiang Business College, and Heilongjiang Business College will pay a service fee of RMB 900,000 to Haier within three business days after signing the consulting service contract (Haier). The consulting services include professional advice and guidance on macroeconomic analysis, financial leasing introductions, and analysis of financial leasing arrangements. Through the establishment of a financial leasing arrangement (Haier), the Group can obtain financial resources for the construction of the Group's campus and to meet its general operating capital needs. The Group's operations will not be affected by the sale and leaseback of assets (Haier) because these assets will be immediately leased back to the Group. According to the financial leasing arrangement (Haier), there is no transfer of ownership or usage rights to Haier. According to International Financial Reporting Standards, the proposed transactions under the financial leasing arrangement (Haier) do not constitute an asset sale, therefore no income or loss needs to be recorded in the Group's income statement. Upon the expiry of the lease term, the Group will pay a nominal purchase option to transfer the leased assets (Haier) back to the Group. Therefore, in reality and in terms of accounting treatment, entering into a financial leasing arrangement (Haier) is essentially the same as taking out a secured loan.