The Board of Zhongguancun Science-Tech Leasing Co., Ltd. announced that on December 22, 2023, the Company (as the Lessor) entered into the Finance Lease Agreement II with the Lessee II, pursuant to which, (i) the Lessor shall acquire the Leased Assets II owned by the Lessee II at a transfer consideration of RMB 20,000,000; and (ii) the Lessor shall lease the Leased Assets II back to the Lessee II for a term of 24 months with a total lease payment of RMB 22,038,513, which shall include a finance lease principal of RMB 20,000,000 and a finance lease interest income (inclusive of VAT) of RMB 2,038,513. Within the past 12 months, on December 15, 2023, the Company (as the Lessor) entered into the Finance Lease Agreement I with the Lessee I, pursuant to which, among other things, the Company (as the Lessor) agreed to: (i) acquire the Leased Assets I owned by the Lessee I at a transfer consideration of RMB20,000,000; and (ii) lease the Leased Assets I back to the Lessee I for a term of 24 months with a total lease payment of RMB 22,068,524, which included a finance lease principal of RMB 20,000,000 and a finance lease interest income (inclusive of VAT) of RMB 2,068,524.