Leader Education Limited (stock code: 1449) issued a circular dated 29 January 2026 regarding a major transaction involving a finance lease arrangement with Haitong Unitrust International Financial Leasing Co., Ltd. (stock code: 1905). Under this arrangement, Heilongjiang College of Business and Technology, a consolidated affiliated entity of Leader Education, will sell certain teaching and experimental equipment to Haitong Unitrust for RMB70 million and immediately lease back the same assets.

The arrangement carries a lease term of 36 months. According to the announcement, the total lease payment is approximately RMB78.68 million, with an effective interest rate of around 7.4%. The transaction intends to support campus construction and general working capital, and the Company states that there will be no transfer of possession or use of the equipment during the term.

Leader Education confirms that its controlling shareholders, holding a combined 74.50% stake, have provided written approval in lieu of a general meeting, satisfying the requirements under the Listing Rules for major transactions. Upon the lease’s expiration, Heilongjiang College of Business and Technology may pay a nominal fee to have the relevant assets’ ownership transferred back, effectively concluding the finance lease arrangement.