Baiying Holdings (08525) subsidiary plans to enter into a sale and leaseback transaction of RMB 25 million

According to Zhitong Finance App, Baiying Holdings (08525) issued an announcement. On September 22, 2026 (after market closing), the buyer Xiamen Baiying Financial Leasing Co., Ltd. (an indirect wholly-owned subsidiary of the company) entered into a sale-leaseback transaction with Shaowu Guojian in accordance with the financial lease agreement. According to the financial lease agreement, the buyer agreed to buy the leaseback assets from Shaowu Guojian at a cost of RMB 25 million (equivalent to about HK$29.25 million) and rent back the assets to Shaowu Guojian for a period of 36 months, and receive the lease payment in return.

The leased assets were (i) 16 sets of gas fire extinguishing devices; (ii) 25 sets of warehouse doors and lifting equipment; (iii) 3 sets of intelligent logistics systems; (iv) 50 sets of charging systems and equipment; and (v) 6 sets of weighbridge data collection systems.

The buyer is mainly engaged in financial leasing business in China. The financial lease agreement is expected to enable the Group to earn a total revenue of approximately RMB 2,816,400 (equivalent to approximately HK$3.2951 million) during the three-year lease period.

Since the financial lease agreement was concluded under normal commercial terms in the buyer's general and daily business process through the buyer's Shaowu State Construction Agreement, the directors believe that the terms of the financial lease agreement are fair and reasonable, and conform to the overall interests of the Group and shareholders.