Shandong Molong Petroleum Machinery (00568) plans to carry out after-sale leaseback financing business with Guangxi, with a financing amount not exceeding 50 million yuan.

Shandong Molong Petroleum Machinery (00568) announced that, in order to revitalize existing assets, increase asset utilization value, enhance asset liquidity, and expand the company's financing channels, Shandong Molong Petroleum Machinery Co., Ltd. (hereinafter referred to as the "Company") plans to act as the lessee, using some of its production equipment as the leasing subject, to carry out post-sale lease financing business with Guangxi Leasing Co., Ltd. (hereinafter referred to as "Guangxi Leasing"). The financing amount will not exceed 50 million RMB, with a term not exceeding 36 months. The specific details of the leasing interest rate, rent, and payment method for the financing lease shall be subject to the actual agreement signed. On January 23, 2026, the 11th interim meeting of the eighth board of directors of the Company deliberated and passed the proposal on conducting lease financing business with 9 in favor, 0 against, and 0 abstentions. This lease financing business is within the decision-making authority of the company's board of directors and does not require approval from the shareholders' meeting. The counterparty of this lease financing transaction, Guangxi Leasing, has no related relationship with the Company, its controlling shareholder, actual controller, shareholders holding more than 5% of shares, directors, or senior management personnel. This transaction is not a related party transaction and does not constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Assets Restructuring of Listed Companies." By conducting this post-sale lease financing business, it will help revitalize the company's assets, increase asset utilization value, enhance asset liquidity, expand the company's financing channels, and provide long-term financial support for the company's operations. This business will not affect the normal use of the company's underlying assets, will not have a significant impact on the company's production and operation, will not harm the interests of the company and all shareholders, will not affect the independence of the company's business, and the repurchase risk is controllable.