QINGLING MOTORS (01122) announced that on December 19, 2025, the company signed an equipment lease agreement with Isuzu Engines, under which Isuzu Engines will lease equipment from the company.

The monthly rental fee for the leased equipment is RMB 797,500 (equivalent to RMB 9,569,800 annually), excluding VAT, and shall be settled monthly. Isuzu Engines is required to pay the rental fee for the previous month to the company by the last day of each month.

The execution of the equipment lease agreement supports the operations of the group. Isuzu Engines was established for engine production, and the group needs to allow Isuzu Engines to utilize the leased equipment in its daily engine production business for manufacturing and testing the group's products. This arrangement benefits the group's business operations, optimizes resource utilization, and enhances centralized management.