CALC to Divest Three Aircraft to JIC Leasing via SPV Equity Transfer; Completion Targeted by 30 June 2026

Bulletin Express03-26

China Aircraft Leasing Group Holdings Limited (CALC) has signed two Share Transfer Framework Agreements and one Share and Aircraft Transfer Framework Agreement with JIC Leasing Co., Ltd. after trading hours on 26 March 2026. The arrangements cover the disposal of one Airbus A320 NEO and two Boeing 737-800 aircraft through the sale of 100% equity in three special purpose vehicles (SPVs) that hold the aircraft. Completion is scheduled on or before 30 June 2026.

Under the post-transaction structure, CALC will continue to manage the aircraft through three Aircraft Asset Management Agreements signed on the same day, ensuring ongoing service revenue from the assets after transfer.

Transaction parties are: • Transferors: wholly-owned CALC subsidiaries that own the SPVs. • Transferee: JIC Leasing Co., Ltd., a financial leasing company owned 80.69% by China Jianyin Investment, 14.30% by Grand Leasing Holdings, 4.98% by Main Star Investment and 0.03% by JIC Technology Investment. The transferee and its ultimate owners are independent of CALC.

According to Hong Kong Listing Rules, the deal qualifies as a major transaction (percentage ratios exceed 25% but are below 75%). However, as a Qualified Aircraft Leasing Activity, it is subject only to the disclosure requirements under Rule 14.33D.

The board states that the terms are on normal commercial conditions, reflect ordinary course of business, and are expected to add to CALC’s net aircraft-trading income while meeting client demand and preserving customer relationships.

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