Bohai Leasing: A controlling subsidiary's non-public issuance of $1.5 billion worth of unsecured promissory notes.

Bohai Leasing announced that, in order to meet the needs of its business development, its controlling subsidiary Avolon, through Avolon Funding as the note issuer, privately issued $1.5 billion in unsecured notes to qualified financial institutions on February 23. The notes include $750 million with a face value interest rate of 4.200% maturing on April 15, 2029, and $750 million with a face value interest rate of 4.850% maturing on April 1, 2033. The funds will be used for general corporate purposes. This financing is included in the loan limit not exceeding $10.5 billion for the year 2025. Avolon and its subsidiaries provide a joint and several guarantee for the financing of $1.5 billion, included in the guarantee limit not exceeding $10.5 billion for the year 2025. As of the date of the announcement in the past 12 months, the company's cumulative guaranteed amount is RMB 60.837 billion, accounting for approximately 21.24% of the audited total assets for the year 2024.