On 29 May 2026, Tian Chang Group Holdings Ltd.’s wholly owned Huizhou subsidiary placed a purchase order with Haitian Machinery Sales (Guangdong) Co., Ltd. for 15 plastic injection molding machines valued at RMB28.70 million (HKD33.10 million, VAT inclusive). The equipment is scheduled for delivery in three batches within 65, 90 and 105 days following receipt of the deposit.
Financing structure • Deposit: RMB2.87 million (10 % of the purchase price) funded by the subsidiary’s internal resources. • Balance: RMB25.83 million (90 %) backed by a finance-lease arrangement with Ningbo Zhongjin Financial Leasing Co., Ltd.
Finance-lease agreement Concurrent with the purchase order, Huizhou Subsidiary entered into a 41-month finance lease (including a five-month rent-free period) with Ningbo Zhongjin: • Sale-and-leaseback: Ningbo Zhongjin will acquire the machinery from the subsidiary for RMB25.80 million (HKD29.80 million) and lease it back immediately. • Lease payments: Total consideration of RMB27.20 million (HKD31.40 million), reflecting a fixed interest rate of 1.8 % per annum on the initial principal. Monthly instalments of approximately RMB0.80 million commence in the sixth month after delivery of the first batch; no interest accrues during the first five months. • Title transfer: Ownership of the machines remains with Ningbo Zhongjin during the lease term; Huizhou Subsidiary may repurchase the assets for RMB1 upon settlement of all lease obligations.
Strategic rationale According to the board, expanding plastic injection capacity will support a new integrated plastic solutions product line, enhance production capability and diversify the Group’s revenue base. The lease structure reduces immediate cash outflow and preserves liquidity for ongoing operations.
Regulatory classification Each of the purchase order and the finance-lease agreement exceeds the 5 % but falls below the 25 % threshold under Hong Kong Listing Rules Chapter 14, making them discloseable transactions subject only to notification and announcement requirements without shareholder approval.
Counterparty background • Vendor: Haitian Machinery Sales (Guangdong) Co., Ltd., wholly owned by Haitian International Holdings Ltd. (HKEX: 1882). • Lessor: Ningbo Zhongjin Financial Leasing Co., Ltd., 75 % held by Ningbo Changshi Guangye Investment Co., Ltd.; both entities are independent third parties to Tian Chang GP.
Tian Chang Group’s business spans integrated plastic solutions, electronic cigarette products and medical consumables. The machinery acquisition and associated lease are expected to reinforce its manufacturing platform for future growth.