The Board of China Development Bank Financial Leasing Co., Ltd. announced that on 15 June 2023 (after trading hours), the Company (as the Lessor) entered into the Finance Lease Agreement with Dunhuang Shouhang Energy Saving New Energy Co., Ltd., pursuant to which (i) the Lessor purchased the Leased Assets from the Lessee at a consideration of RMB 1,400,000,000.00 and (ii) the Lessor agreed to lease the Leased Assets to the Lessee with a lease period of 192 months. The Leased Assets are the solar thermal power generation equipment and its auxiliary facilities located in Gansu Province, the PRC. The appraised value of the Leased Assets is approximately RMB 2,166,000,000.00 in aggregate.

The Lessee does not separately calculate the profits before and after tax of the Leased Assets. Lease Period: 192 months. Rent and Method of Payment: Pursuant to the Finance Lease Agreement, the Lessor agreed to lease back the Leased Assets to the Lessee.

The rent, including value-added taxes, is calculated and paid in RMB, and comprised of lease principal and lease interest. Of which, the lease principal is of the same amount as the transfer consideration, totaling RMB 1,400,000,000.00; the total amount of lease interest for the lease period is approximately RMB 817,000,000.00. The lease principal and lease interest shall be paid by the Lessee to the Lessor in quarterly installments during the lease period.