QINGLING MOTORS (01122) announced that on April 30, 2026, the company, the financial leasing firm Chongqing Transportation Equipment Financial Leasing Co., Ltd., and the dealer Wuhan Xinxiang Anda Logistics Co., Ltd. entered into a repurchase agreement. The leased assets consist of a batch of 10 new energy vehicles leased by the dealer from the financial leasing company under a financial leasing contract, along with the corresponding lease receivables and related rights held by the leasing company over the assets. The company anticipates the maximum total repurchase price under the agreement will not exceed RMB 2.0513 million. In response to national policies and government directives, the company is actively exploring technological innovation and business model transformation in the new energy commercial vehicle sector, aiming to foster deep integration of the industrial chain, innovation chain, and capital chain for smart connected new energy vehicles, thereby cultivating and expanding the new energy commercial vehicle industry and market. Currently, although the sales volume of the company's new energy commercial vehicles is growing rapidly within the light commercial vehicle industry, the overall sales volume remains relatively low. Due to the generally higher purchase cost of new energy commercial vehicles, customers are increasingly shifting from outright purchasing to leasing models. Consequently, leasing has become a significant driver for boosting new energy commercial vehicle sales. To support this trend, the company is adopting the financial leasing model commonly used by domestic automotive enterprises, strengthening cooperation with financial institutions such as commercial banks and financial leasing companies, and providing repurchase obligations for financing businesses where customers or dealers purchase the group's new energy vehicles. In this context, the repurchase obligation under the agreement essentially serves as a performance credit enhancement guarantee for the company's own product sales and does not constitute a pure third-party financing guarantee.