Leader Education Limited (Stock code: 1449) published an announcement dated 30 January 2026, disclosing the entering into two finance lease arrangements with Hengqin Jintou International Financial Leasing Co., Ltd. and Qingdao Guosheng Financing Leasing Co., Ltd. Both transactions have been classified as major transactions under the Listing Rules.

Leader Education Limited reported that Heilongjiang College of Business and Technology, its consolidated affiliated entity, will sell certain assets at RMB50 million each to both lessors and then lease them back. For the arrangement with Hengqin Jintou International Financial Leasing, total lease payments stand at approximately RMB55.36 million, while for the arrangement with Qingdao Guosheng Financing Leasing, total lease payments amount to about RMB54.45 million.

According to the announcement, effective interest rates are approximately 6.8% for the Hengqin arrangement and 7.5% for the Guosheng arrangement, both determined through arm’s length negotiations and considering market practices. Each agreement lasts 36 months and includes nominal retention money of RMB100 to transfer asset ownership back to Heilongjiang College of Business and Technology at lease-end.

The Board highlighted that the arrangements aim to secure funding for campus construction and general working capital without affecting operations, as the leased assets remain in use by Heilongjiang College of Business and Technology. Shareholders collectively holding 74.50% of the total issued shares have granted written approval under the Listing Rules, making a general meeting unnecessary. The Board stated that the terms are fair and reasonable and in the interest of the company and its shareholders.