A subsidiary of Southern Manganese (01091) signed a financial lease agreement with Guangxi Financial Leasing

According to Zhitong Finance App, Southern Manganese (01091) announced that on July 17, 2026, Huiyuan Manganese, an indirect wholly-owned subsidiary of the Company, entered into a financial lease agreement with Guangxi Financial Leasing. According to this, (i) Guangxi Financial Leasing agreed to purchase equipment from Huiyuan Manganese Industry at a total cost of RMB 150 million (equivalent to approximately HK$173 million) and lease the equipment back to Huiyuan Manganese for a period of 48 months; and (ii) Huiyuan Manganese Industry has the right to purchase equipment at a nominal cost of RMB 1,000 (equivalent to about HK$1,150) after the lease period.

The equipment is production equipment and facilities related to manganese processing owned by Huiyuan Manganese Industry. As of December 31, 2025, the original book value of the equipment was RMB 352 million (equivalent to approximately HK$404.5 million), while the net book value was RMB 152 million (equivalent to approximately HK$175 million).

According to the financial lease agreement, Huiyuan Manganese Industry agreed to pay a consulting fee of RMB 750,000 (equivalent to approximately HK$862,500) to Guangxi Financial Leasing for the services of the financial lease arrangement.