LEADER EDU (01449) announced that on December 18, 2025, Heilongjiang Institute of Business and Technology entered into a sale and leaseback agreement and a consulting services agreement with Haier Electronics (01169) for leased assets. The sale price amounted to RMB 20 million, with total lease payments reaching RMB 21.9781 million.

The leased assets include computers, projectors, audio equipment, multimedia devices, blackboards, network switches, routers, books, water dispensers, sofas, and other items. Through this financing arrangement, the group will secure financial resources to fund campus construction and meet general working capital needs. The group's operations will remain unaffected as the assets will be leased back immediately.

Under the financing arrangement, neither ownership nor usage rights of the assets are transferred to Haier. According to International Financial Reporting Standards (IFRS), the transaction does not constitute an asset sale and thus will not generate any profit or loss recorded in the group's income statement. Upon lease expiration, the group will pay a nominal retention fee to reclaim the assets.

In essence, both practically and in accounting terms, this financing arrangement functions similarly to a secured loan.