Zhitong Finance App News, King Kong Solar (300093.SZ) announced that in May 2022, the company's subsidiary Suzhou King Kong Photovoltaic Technology Co., Ltd. (“Suzhou King Kong”) signed a “financial leasing contract” with Suzhou Financial Leasing Co., Ltd. (“Suzhou Golden Rent”) to carry out sales and leaseback business using the relevant equipment assets under the contract as the subject of the lease. The lessor is Suzhou Leasing, the lessee is Wujiang Jingang, and the leasing principal amount is 100 million yuan. The Company and Guangdong Ouhao Group Co., Ltd. (“Ou Hao Group”) signed a “Guarantee Contract” with the lessor to irrevocably guarantee all debts owed by the lessee to the lessor in the “Financial Lease Contract”. Suzhou Golden Rental filed a lawsuit with the People's Court of Wujiang District, Suzhou City, Jiangsu Province because Suzhou King Kong failed to pay rent to Suzhou Rent in accordance with the agreement.

Zhitong Finance App News, King Kong Solar (300093.SZ) announced that in May 2022, the company's subsidiary Suzhou King Kong Photovoltaic Technology Co., Ltd. (“Suzhou King Kong”) signed a “financial leasing contract” with Suzhou Financial Leasing Co., Ltd. (“Suzhou Golden Rent”) to carry out sales and leaseback business using the relevant equipment assets under the contract as the subject of the lease. The lessor is Suzhou Leasing, the lessee is Wujiang Jingang, and the leasing principal amount is 100 million yuan. The Company and Guangdong Ouhao Group Co., Ltd. (“Ou Hao Group”) signed a “Guarantee Contract” with the lessor to irrevocably guarantee all debts owed by the lessee to the lessor in the “Financial Lease Contract”. Suzhou Golden Rental filed a lawsuit with the People's Court of Wujiang District, Suzhou City, Jiangsu Province because Suzhou King Kong failed to pay rent to Suzhou Rent in accordance with the agreement.