庆铃汽车股份与融资租赁公司及经销商订立回购协议

Core Viewpoint - The company is actively exploring technological innovation and business model transformation in the new energy commercial vehicle sector to align with national policies and government requirements, aiming to enhance the integration of the industry chain, innovation chain, and capital chain [1][2] Group 1: Repurchase Agreement - The company entered into a repurchase agreement on December 19, 2025, with Chongqing Mingde Financing Leasing Co., Ltd. and Sichuan Zhongtai Cheyu Automobile Sales Service Co., Ltd. for a total of 300 new energy vehicles [1] - The repurchase agreement includes leasing assets and leasing debts, which consist of unpaid rent, remaining value of the repurchased vehicles, and the buyout price [1] Group 2: Market Strategy - The company is adopting a financing leasing model, commonly used by domestic automotive enterprises, to strengthen cooperation with financial institutions, providing a buyback obligation for financing the purchase of its new energy vehicles [2] - The buyback obligation serves as a performance guarantee for the company's product sales rather than a pure financing guarantee for third parties [2] Group 3: Sales Growth and Market Trends - Although the company's sales of new energy commercial vehicles are growing rapidly within the light commercial vehicle sector, the overall sales volume remains low [1] - The shift from purchasing to leasing models is becoming a significant driver for increasing sales of new energy commercial vehicles due to the generally higher purchase costs [1]