BAIYING HOLDING (08525) announced that on January 7, 2026, the buyer entered into a sale and leaseback transaction with Longhai under a financing lease agreement. According to the agreement, the buyer will purchase the leaseback assets from Longhai for a consideration of RMB 25 million (approximately HK$27.7283 million) and subsequently lease these assets back to Longhai for a period of 36 months, receiving lease payments in return.

The leaseback assets consist of six centrifugal water pumps, six high-voltage switchgear cabinets, and five three-phase asynchronous motors. The buyer is primarily engaged in the financing lease business within China.

These financing lease agreements are expected to generate total revenue of approximately RMB 5.2669 million (equivalent to about HK$5.8417 million) for the group over their respective lease terms.

Given that these financing lease agreements were entered into by the buyer in the ordinary course of its business, negotiated with the lessee on normal commercial terms, the directors consider the terms of the agreements to be fair and reasonable, aligning with the overall interests of the group and its shareholders.