Zhongguancun Science-Tech Leasing Co., Ltd. announced that on November 27, 2020, the Company (as the Lessor) entered into the Finance Lease Agreement with the Lessee, pursuant to which (i) the Lessee would sell its own assets namely, the Leased Assets to the Lessor, at a transfer consideration of RMB 49,000,000; 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 51,706,061, which shall include a finance lease principal of RMB 49,000,000 and a finance lease interest income (inclusive of VAT) of RMB 2,706,061 under the Finance Lease Agreement.