Zhongguancun Inks Major Finance Lease Deal
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Zhongguancun Inks Major Finance Lease Deal

Zhongguancun Science-Tech Leasing Co. Ltd. Class H (HK:1601) has released an update.

Zhongguancun Science-Tech Leasing Co. Ltd. has entered into a significant finance lease agreement with an unnamed lessee for automotive air conditioning production equipment, with a total lease payment of RMB88,556,887 over a 36-month period. The deal, which involves an initial transfer consideration of RMB80,000,000 for the leased assets, is classified as a discloseable transaction according to the Listing Rules, given that the applicable percentage ratio exceeds 5%. The agreement terms were based on arm’s length negotiations and market rates, and the transaction will be funded through the company’s working capital and internal resources.

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