Caitong Securities Asset Management Co.,Ltd entered in to agreement to acquire Underlying Assets of Haitong Unitrust International Financial Leasing Co., Ltd. for CNY 1 billion on September 13, 2023. The underlying assets had net profits of CNY 10.7 million for year ended December 3, 2022. The transaction is subject to Caitong signing and delivering to the agreement and other relevant documents, Caitong has received or obtained all permissions, approvals or authorizations required for the fulfilment of its obligations under the agreement, Haitong has received copies of the latest securities business permit and business license of Caitong Securities, Haitong has signed and delivered to Caitong agreement and other relevant documents, Haitong has delivered documents in relation to the Underlying Assets to asset service agent designated by Caitong Securities, Caitong has received copies of business license and articles of association of Haitong, Haitong has received or obtained all approvals, permissions or authorisations required for the fulfilment of its obligations, the Asset-backed Special Program is established in accordance with the conditions set out under the standard clauses under the Asset-backed Special Program, as of the date of payment of consideration by Caitong Securities Asset Management to Haitong, Haitong has not breached any representations and warranties, Caitong has completed the due diligence on the Underlying Assets and Leased Items and as of the date of establishment of the Asset-backed Special Program, the status of the Underlying Assets and Leased Items meet the requirements as set out in the agreement.

The proceeds received from the issuance of the ABS will be used for the daily operations of Haitong, including but not limited to the leasing business and repayment of bank loans.