The Board announces that on December 28, 2023 Zhongguancun Science-Tech Leasing Co., Ltd. (as the Lessor) entered into the Finance Lease Agreement V with the Lingxiong Technology (Shenzhen) Co., Ltd., pursuant to which (i) the Lessor shall acquire the Leased Assets V owned by the Lessee at a transfer consideration of RMB 30,000,000; and (ii) the Lessor shall lease the Leased Assets V back to the Lessee for a term of 24 months with a total lease payment of RMB 31,700,868, which shall include a finance lease principal of RMB 30,000,000 and a finance lease interest income (inclusive of VAT) of RMB 1,700,868. Reference is made to the announcement of the Company dated February 27, 2023 in relation to the Finance Lease Agreement IV, pursuant to which, among other things, the Company (as the Lessor) agreed to: (i) acquire the Leased Assets IV owned by the Lessee at a transfer consideration of RMB 24,000,000; and (ii) lease back the Leased Assets IV to the Lessee for a term of 24 months with a total lease payment of RMB25,329,167 which included a finance lease principal of RMB 24,000,000 and a finance lease interest income (inclusive of VAT) of RMB 1,329,167.