The Board of Zhongguancun Science-Tech Leasing Co., Ltd. hereby announced that on December 22, 2023, the Company, as the Lessor, entered into a Financial Lease Agreement I and a Financial Lease Agreement II with the Lessee, pursuant to which (i) the Lessor shall acquire the Leased Assets I and the Leased Assets II owned by the Lessee at a transfer consideration of RMB 50,013,799.70 and RMB 50,324,142.43 respectively; and (ii) the Lessor leases the Leased Asset I and the Leased Asset II back to the Lessee for a period of 24 months, each with a total lease payment of RMB 54,325,916, including the principal amount of the finance lease of RMB 50,000,000 and interest income (including VAT) of the finance lease of RMB 4,325,916. The lease period of the Finance Lease Agreement I and the Finance Lease Agreement II are both 24 months, which shall commence on December 22, 2023. The Lessee agreed to pay the security deposit for the Finance Lease Agreement I and the Finance Lease Agreement II of both of RMB2,500,000 (bearing nil interests).

When the last lease payment is due to be paid, the lease payment and other payables under the final payment will automatically be deducted from the deposit, and the Lessor will refund the Lessee the remaining amount.