ZGC TEC LEASING (01601) entered into a financing lease agreement for assets related to the data communication business.

ZGC TEC LEASING (01601) announced that on November 28, 2025, the company, as the lessor, entered into a financing lease agreement II with Rongzhitong Technology (Beijing) Co., Ltd., the lessee. According to this agreement, (i) the lessor will purchase Lease Asset II owned by the lessee at a transfer price of RMB 20 million; and (ii) the lessor will lease Lease Asset II back to the lessee for a lease period of 18 months, with total lease payments of approximately RMB 20.98 million, including the financing lease principal of RMB 20 million and financing lease interest income (including value-added tax) of approximately RMB 0.98 million. In the past twelve months, on January 13, 2025, the company, as the lessor, entered into a financing lease agreement I with the lessee, whereby the company (as the lessor) agreed to: (i) purchase Lease Asset I owned by the lessee at a transfer price of RMB 20 million; and (ii) lease Lease Asset I back to the lessee for a lease period of 18 months, with total lease payments of approximately RMB 21.11 million, including the financing lease principal of RMB 20 million and financing lease interest income (including value-added tax) of approximately RMB 1.11 million. Lease Asset I is related to data communication business assets, with a net book value of approximately RMB 34.31 million. Lease Asset II is also related to data communication business assets, with a net book value of approximately RMB 47.90 million. The directors believe that entering into financing lease agreements I and II will bring income and profits to the company during the lease period, in line with the company's business development strategy. Considering that the terms of the financing lease agreements I and II are based on normal commercial terms, the directors believe that the terms of these agreements are fair and reasonable, and in the overall interest of the company and its shareholders.