Shan Gao New Energy (01250) has entered into a financing lease agreement with Bank of China Leasing to build a 145-megawatt centralized photovoltaic power station and related facilities in Haixing County.

Wisdom Financial News APP news, Shan High New Energy (01250) announced that on September 9, 2025, North Control Clean Energy (Haixing) (as the lessee) entered into a financing lease agreement with Zhongyin Jinzu (as the lessor). Under this agreement, Zhongyin Jinzu will purchase leasing assets from North Control Clean Energy (Haixing) for a total price of RMB 385 million, and then lease the assets to North Control Clean Energy (Haixing) for a lease term of 13 years. The ownership of the leasing assets under the financing lease agreement will belong to Zhongyin Jinzu during the lease term. At the end of the lease term and after North Control Clean Energy (Haixing) has paid (i) all amounts due under the financing lease agreement; and (ii) a symbolic price of RMB 100 for the leasing assets, the ownership of the leasing assets will revert back to North Control Clean Energy (Haixing).