Baiying Holdings (08525) signs a financial lease agreement with Longhai

According to the Zhitong Finance App, Baiying Holdings (08525) issued an announcement. On January 7, 2026, the buyer entered into a sale-leaseback transaction with Longhai in accordance with the financial lease agreement. According to the financial lease agreement, the buyer agreed to buy the leaseback assets from Longhai at a cost of RMB 25 million (equivalent to about HK$27.7283 million) and rent back the assets to Longhai for a period of 36 months, and receive the lease payment in return.

According to the announcement, the leased assets were six centrifugal pumps, six high-voltage switch cabinets, and five three-phase asynchronous motors.

The buyer is mainly engaged in financial leasing business in China. These financial lease agreements are expected to enable the Group to earn a total revenue of approximately RMB 5.266,900 (equivalent to approximately HK$5.8417 million) during their respective leases.

Since these financial lease agreements are concluded under normal commercial terms in the ordinary course of the buyer's daily business, through agreements between the buyer and each lessee, the directors believe that the terms of such financial lease agreements are fair and reasonable, and conform to the overall interests of the Group and shareholders.