Leader Education Limited (stock code: 1449) announced a discloseable transaction involving a finance lease arrangement with Haier, entered by its consolidated affiliated entity, Heilongjiang College of Business and Technology, on 27 October 2025. Under the arrangement, assets such as servers, switches, air-conditioners, and chairs are sold to Haier for RMB30,000,000 and immediately leased back for 36 months at a total payment of RMB32,920,100. According to the company, this transaction helps secure funding for campus construction and general working capital, while retaining uninterrupted use of the leased assets.

The finance lease arrangement meets the threshold for a discloseable transaction under Chapter 14 of the Listing Rules, as it exceeds 5% but is below 25% in the applicable percentage ratios. Although it is aggregated with a previous finance lease arrangement involving the same party, the company has already complied with the major transaction requirements, so there is no need to reclassify this latest deal. Under International Financial Reporting Standards, the arrangement does not constitute an asset disposal and will not generate any gain or loss on the income statement, effectively functioning like a secured loan. Upon lease expiry and payment of all obligations, the relevant assets will be transferred back to Heilongjiang College of Business and Technology.