Core Insights - The company has entered into three financing lease agreements with Xinjiang Paitro Energy Service Co., Ltd, involving the acquisition and leasing back of oil extraction equipment [1][2]. Group 1: Financing Lease Agreements - Financing Lease Agreement I involves the purchase of leasing asset I for RMB 16 million, with a total lease payment of approximately RMB 17.0664 million over 36 months, including principal and interest [1]. - Financing Lease Agreement II involves the purchase of leasing asset II for RMB 25 million, with a total lease payment of approximately RMB 26.6662 million over 36 months, including principal and interest [1]. - Financing Lease Agreement III involves the purchase of leasing asset III for RMB 29 million, with a total lease payment of approximately RMB 30.9328 million over 36 months, including principal and interest [2]. Group 2: Asset Details - Leasing asset I consists of mud pumps and other oil extraction equipment, with a book value of approximately RMB 16.0274 million [2]. - Leasing asset II consists of variable frequency drive drilling rigs and other oil extraction equipment, with a book value of approximately RMB 25.8396 million [2]. - Leasing asset III consists of top drives and other oil extraction equipment, with a book value of approximately RMB 29.0124 million [2]. Group 3: Strategic Implications - The board believes that these financing lease agreements will generate revenue and profit for the company during the lease term, aligning with the company's business development strategy [2]. - The board considers the terms of the financing lease agreements to be fair and reasonable, benefiting the company and its shareholders [2].