The Board hereby announces that on February 4, 2024, the Zhongguancun Science-Tech Leasing Co., Ltd. (as the Lessor) entered into the Finance Lease Agreement X with the Lessee, pursuant to which, (i) the Lessor shall acquire the Leased Assets X owned by the Lessee at a transfer consideration of RMB30,000,000; and (ii) the Lessor shall lease the Leased Assets X back to the Lessee for a term of 36 months with a total lease payment of RMB 32,747,157, which shall include a finance lease principal of RMB30,000,000 and a finance lease interest income (inclusive of VAT) of RMB 2,747,157. References are made to the announcement of the Company dated December 27, 2023 in relation to the Finance Lease Agreement IX, pursuant to which, among other things, the Company (as Lessor) agreed to: (i) acquire the Leased Assets IX owned by the Lessee at a transfer consideration of RMB 30,000,000; and (ii) lease the Leased Assets IX back to the Lessee for a term of 36 months with a total lease payment of RMB 32,657,029, which included a finance lease principal of RMB 30,000,000 and a finance lease interest income (inclusive of VAT) of RMB 2,657,029. The announcement of the Company dated March 31, 2023 in relation to the Finance Lease Agreement VIII, pursuant to which, among other things, the Company (as Lessor) agreed to: (i) acquire the Leased Assets VIII owned by the Lessee at a transfer consideration of RMB 50,000,000; and (ii) lease the Leased Assets VIII back to the Lessee for a term of 36 months with a total lease payment of RMB 54,742,975, which included a finance lease principal of RMB 50,000,000 and a finance lease interest income (inclusive of VAT) of RMB 4,742,975.