XINTE ENERGY (01799) announced that on May 26, 2026, the company entered into a financial leasing contract with CEB Financial Leasing to conduct a sale and leaseback transaction. Under the agreement, (1) the company agreed to transfer the ownership of the leased assets to CEB Financial Leasing for a transfer price of RMB 500 million; and (2) CEB Financial Leasing agreed to lease the assets back to the company for a lease term of 5 years and will collect lease payments from the company. The leased assets consist of certain equipment and facilities, including boilers, turbine units, and generators, from the company's self-owned power plant. The net book value of these leased assets is approximately RMB 586 million. The self-owned power plant is primarily used to generate electricity for polysilicon production, and the aforementioned leased assets constitute part of the plant's equipment or facilities. The overall operation of the self-owned power plant can generate stable operating income; however, the leased assets, being part of the plant's equipment, cannot independently generate revenue separate from the integrated operation of the entire facility. Entering into the financial leasing contract enables the company to obtain the financial resources needed to repay its borrowings. The directors believe that the terms of the financial leasing contract are entered into on normal commercial terms, are fair and reasonable, and are in the overall interests of the shareholders.