The Board of Zhongguancun Science-Tech Leasing Co., Ltd. announced that on September 17, 2020, it (as the Lessor) entered into the Finance Lease Agreement with the Lessee, pursuant to which (i) the Lessee would sel its own assets namely, the Leased Assets to the Lessor, at a transfer consideration of RMB 45,000,000; and (ii) the Lessor would lease back the Leased Assets to the Lessee for a term of 24 months with a total lease payment of RMB 47,674,711, which under the Finance Lease Agreement shall include a finance lease principal of RMB 45,000,000 and a finance lease interest income (inclusive of VAT) of RMB 2,674,711.