Kong Sun unit signs RMB 37 million 15-year finance lease with Guoyin Leasing

• Kong Sun unit Dingbian Wan Heshun signed finance lease agreement on May 12, 2026 with Guoyin Financial Leasing for RMB 37 million, using assets from a 30MW solar power plant in Shaanxi.
• Lease term set at 15 years, with estimated total lease payments of about RMB 44.67 million over 60 instalments, implying estimated interest of about RMB 7.67 million.
• Pricing set on floating rate basis at 3.5% per year, referenced to China loan prime rate for 5-year-and-above tenors, with annual resets that do not allow downward adjustments.
• Transaction expected to be accounted for as financing under Hong Kong financial reporting standards, with net proceeds of about RMB 36.8 million earmarked for general working capital by Dec. 31, 2026.
• Deal classified as discloseable transaction under Hong Kong listing rules, based on applicable percentage ratios of 5% or more but below 25%.

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