Qingling Motors (01122) has announced that on February 16, 2026, the company, a financial leasing company (Chongqing Traffic Equipment Financial Leasing Co., Ltd.), and a dealer (Wuhan Xinxiang Anda Logistics Co., Ltd.) entered into a repurchase agreement. The subject of the repurchase is five new energy vehicles and their corresponding lease receivables. The maximum repurchase price is not expected to exceed 1.0288 million yuan, which aligns with the book value of the leased assets. The company will use its own funds to make the related payments.

The company's repurchase obligation under the agreement is a commonly used guarantee measure in the automotive industry's financial leasing business. It is considered beneficial for boosting sales of the company's new energy vehicles and for expanding their sales scale and market share. The company retains the right to monitor the leased assets through technologies such as the Internet of Vehicles, reducing the risk of damage, loss, or failure by the dealer to return the assets. Furthermore, the company maintains the right to require the dealer to purchase the leased assets in their current condition.

The company will establish a digital supervision platform for vehicle operation to monitor the integrity rate, lease rate, utilization efficiency, and payment collection of the leased assets, and will share data with the financial leasing company. It also plans to expand into secondary leasing or sales of used vehicles, as well as aftermarket businesses such as vehicle reconditioning and remanufacturing, which are expected to help develop the company's used vehicle business and increase revenue.

Under the repurchase agreement, the dealer is required to pay a repurchase deposit and a performance bond to the company, which can be used to offset any shortfall payments owed by the dealer. Additionally, the company can collect the full sales proceeds in advance, thereby enhancing the group's capital liquidity and flexibility. The board of directors believes that the terms of the repurchase agreement, including but not limited to the repurchase deposit, performance bond, and repurchase price, and the transactions contemplated thereunder are fair and reasonable, and in the overall interests of the company and its shareholders.