HAITONG UT (01905) has entered into a leasing contract for certain equipment and facilities.

HAITONG UT (01905) Announcement: The company, as the lessor, entered into a financing lease contract with the lessees (Tibet Urban Development Investment Co., Ltd. and Quanzhou Shangshi Real Estate Co., Ltd.) on June 24, 2026. Under this agreement, (i) the lessor agrees to purchase the leased asset for a total consideration of RMB 500 million in this transaction; and (ii) the lessor agrees to lease the leased asset to the lessee for a lease term of 60 months. The leased assets in this transaction are (i) certain equipment and facilities of Lessee 1 Tibet Urban Development Investment Co., Ltd. located in China; and (ii) equipment and facilities of Lessee 2 Quanzhou Shangshi Real Estate Co., Ltd. in the commercial sections of Phase II of Plot C-3-1 and Plot C-3-2 in the Donghai cluster in Quanzhou City, Fujian Province, China. The total purchase price of the leased assets in this transaction is RMB 500 million. The lessees do not separately account for the pre-tax and after-tax profits of the leased assets in this transaction.