Qingling Motors (01122.HK) has entered into a repurchase agreement with a financing leasing company and distributors.

Zhicheng finance and economics APP news, Qingling Automobile Co., Ltd. (01122.HK) announced that on December 19, 2025, the company, the financing leasing company Chongqing Mingde Financing Leasing Co., Ltd., and the dealer Sichuan Zhongtai Cheyu Automobile Sales Service Co., Ltd. entered into a repurchase agreement. The repurchased subject is the leased goods, including a batch of new energy vehicles leased by the dealer to the financing leasing company under the financing leasing contract, with a total of 300 vehicles; and the leasing debt, which includes the leasing debt rights corresponding to the leased goods under the financing leasing contract that the financing leasing company enjoys with the dealer (including unpaid rent on maturity, remaining value of repurchased leased goods, and remaining purchase price for repurchased leased goods), and the related rights set by the financing leasing company to control the leased goods (including but not limited to the corresponding mortgage rights set by the financing leasing company to the dealer on the related leased goods).