SPT ENERGY (01251) announced that on October 31, 2025, lessor Zhongguancun Technology Leasing Co., Ltd. and lessee No. 19 (the company's indirect subsidiary Xinjiang Huayou Oil & Gas Engineering Co., Ltd.) entered into Financing Lease Agreement No. 19. Under the agreement: (i) Lessee No. 19 agreed to sell its owned assets (i.e., Leased Assets No. 19) to the lessor for a transfer consideration of RMB 14 million; and (ii) the lessor agreed to lease back Leased Assets No. 19 to Lessee No. 19 for a lease term of 36 months.
The total lease payments under Financing Lease Agreement No. 19 amount to RMB 15.5787 million, including financing lease principal of RMB 14 million and financing lease interest (including VAT) of RMB 1.5787 million. Leased Assets No. 19 refer to oil and gas extraction equipment located in Xinjiang under Financing Lease Agreement No. 19.
The board believes that entering into Financing Lease Transaction No. 19 will enhance Lessee No. 19's working capital position by increasing its liquidity, optimizing its asset and debt structure, and supporting its business operations. The proceeds from Financing Lease Transaction No. 19 will be used to repay bank loans, purchase equipment, and meet the group's general working capital needs.