BAIYING HOLDING (08525) subsidiary signs financing lease agreement with Taiwanese businessman in Quanzhou

Baiying Holdings (08525) announced that on March 20, 2026, the buyer (Xiamen Baiying Financial Leasing Co., Ltd., an indirect wholly-owned subsidiary of the Company) entered into a sale and leaseback transaction with Quanzhou Taiwanese (a state-owned company) pursuant to a financial leasing agreement. Under the financial leasing agreement, the buyer agreed to purchase leaseback assets from Quanzhou Taiwanese for a consideration of RMB 20 million and lease the leaseback assets back to Quanzhou Taiwanese for a period of 36 months, and receive lease payments as returns. The leaseback assets include: (i) eight municipal road sweeping vehicles; (ii) eight high-pressure cleaning vehicles; (iii) five garbage compression transfer vehicles; (iv) six green spraying vehicles; (v) ten small electric patrol vehicles; (vi) fifteen underground pipeline detectors.