An announcement was issued by ALLI INTL ED LE (01563) stating that on April 9, 2026 (after trading hours), Nanshan Financial Leasing (Tianjin) Co., Ltd., a subsidiary of the company acting as the lessor, entered into Financial Lease Agreement I and Financial Lease Agreement II with the lessee, Taishan Artificial Turf Industry Co., Ltd.
Under the agreements, the lessor will acquire the leased assets from the lessee for a total consideration of RMB 50 million. The purchase price under Financial Lease Agreement I is RMB 40 million, while the price under Financial Lease Agreement II is RMB 10 million.
The lessor will then lease the assets back to the lessee for a period of 36 months. The total lease payments amount to approximately RMB 55.506 million, which includes both the lease principal and interest. Specifically, the principal and interest payments under Financial Lease Agreement I are approximately RMB 44.405 million, and those under Financial Lease Agreement II are approximately RMB 11.101 million.
The leased assets under Agreement I consist of a full set of monofilament drawing and tufting machine equipment used by the lessee for manufacturing artificial turf products, with a total book value of approximately RMB 82.7025 million.
The leased assets under Agreement II include high-temperature and water-setting drawing machine processing equipment, also used for artificial turf production, with a total book value of approximately RMB 20.685 million.
These agreements were made in the ordinary course of the lessor's business and are expected to generate stable financial leasing income and cash flow for the group. The board of directors considers the terms of the agreements and the contemplated transactions to be fair and reasonable, conducted on normal commercial terms, and in the overall interests of the company and its shareholders.
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