The Board of Zhongguancun Science-Tech Leasing Co., Ltd. hereby announced that on November 19, 2020, the Company (as the Lessor) entered into the Finance Lease Agreement II with the Lessee, pursuant to which (i) the Lessee would sell its own assets namely, the Leased Assets II to the Lessor, at a transfer consideration of RMB 39,000,000; and (ii) the Lessor would lease back the Leased Assets II to the Lessee for a term of 60 months with a total lease payment of RMB 46,214,125, which under the Finance Lease Agreement II shall include a finance lease principal of RMB39,000,000 and a finance lease interest income (inclusive of VAT) of RMB 7,214,125. Within the past twelve months, November 12, 2020, the Company (as the Lessor) entered into the Finance Lease Agreement I with the Lessee, pursuant to which (i) the Lessee sold its own assets, namely, the Leased Asset I to the Lessor, at a transfer consideration of RMB 61,000,000; and (ii) the Lessor leased back the Leased Asset I to the Lessee for a term of 60 months with a total lease payment of RMB 72,358,470, which under the Finance Lease Agreement I included a finance lease principal of RMB 61,000,000 and a finance lease interest income (inclusive of VAT) of RMB 11,358,470.