Bohai Leasing: Wholly-owned subsidiary intends to transfer 100% equity of GSCL.

Bohai Leasing announced on the evening of May 20th that its wholly-owned subsidiary, GSCTL, intends to transfer 100% equity of Global Sea Containers Ltd to Typewriter Ascend, a wholly-owned subsidiary of Typewriter Topco, an investment entity managed by Stonepeak. The base price for this transaction is 1.75 billion USD. The final transaction price will be determined at the time of delivery according to the price adjustment mechanism specified in the Equity Purchase Agreement. Through this transaction, the company will receive a significant amount of cash consideration, which will be mainly used to repay high-interest US dollar debts abroad, as well as to improve domestic cash flow and business recovery. After the transaction is completed, the company will no longer operate in the container leasing business, effectively avoiding the adverse effects of fluctuations in the global trade environment, and further focusing on its core business of aircraft leasing.