On December 30, 2025, the lessor, Nanshan Financial Leasing (Tianjin) Co., Ltd., a subsidiary of the company, entered into a financial lease agreement with the lessee, Yuanda Energy Utilization Management Co., Ltd.

Under the agreement, the lessor has consented to acquire the lease assets from the lessee for a consideration of RMB 50 million.

Furthermore, the lessor will lease these assets back to the lessee for a period of 36 months.

The total lease payments amount to approximately RMB 55.506 million, which encompasses both the principal and the interest components.

The leased assets consist of the lessee's project energy-saving equipment, which carries a total book value of about RMB 61.4713 million.

This financial lease agreement was executed as part of the lessor's ordinary and general business operations and is anticipated to generate stable financial lease income and cash flow for the Group.

The Board of Directors believes that the financial lease agreement and the transactions contemplated under it are fair and reasonable, conducted on normal commercial terms, and align with the overall interests of the Group and its shareholders.