KONG SUN HOLD (00295) has entered into a financing lease agreement for a number of photovoltaic power generation equipment and supporting facilities.

KONG SUN HOLD (00295) announced that on October 27, 2025, Lingbi Yongji (an indirect wholly-owned subsidiary of the company, as the lessee) entered into a financing lease agreement with Zhejiang Yin Rental (as the lessor), under which Zhejiang Yin Rental will purchase lease assets from Lingbi Yongji for a total consideration of RMB 52 million. The lease assets will then be leased to Lingbi Yongji for a period of 10 years. The ownership of the lease assets under the financing lease agreement will belong to Zhejiang Yin Rental during the lease term. At the end of the lease term or in the event of early termination of the financing lease agreement, and after Lingbi Yongji has paid all amounts due under the financing lease agreement, and a symbolic price of RMB 100 for the lease assets, the ownership of the lease assets will belong to Lingbi Yongji. The lease assets refer to several photovoltaic power generation equipment and supporting facilities located in a 20-megawatt photovoltaic power plant in Suzhou City, Anhui Province, China.