The Board hereby announced that on January 31, 2024, the Zhongguancun Science-Tech Leasing Co., Ltd. (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 6,800,000; and (ii) the Lessor shall lease the Leased Assets II back to the Lessee II for a term of 36 months with a total lease payment of RMB7,466,960, which shall include a finance lease principal of RMB 6,800,000 and a finance lease interest income (inclusive of VAT) of RMB 666,960. Within the past 12 months, on January 26, 2024, the Company (as the Lessor) entered into the Finance Lease Agreement I with the Lessee I, pursuant to which, (i) the Lessor acquired the Leased Assets I owned by the Lessee I at a transfer consideration of RMB 23,200,000; and (ii) the Lessor leased the Leased Assets I back to the Lessee I for a term of 48 months with a total lease payment of RMB 26,236,432, which shall included a finance lease principal of RMB 23,200,000 and a finance lease interest income (inclusive of VAT) of RMB 3,036,432.