Core Viewpoint - Jiangsu Saifutian Group Co., Ltd. has announced that its subsidiary, Anhui Meidalen Photovoltaic Technology Co., Ltd., will engage in a financing lease back transaction with Bangyin Financial Leasing Co., Ltd., with a financing amount not exceeding RMB 50 million [1][2] Financing Lease Business Overview - Anhui Meidalen aims to optimize its capital structure and improve asset utilization by using its own equipment as collateral for the financing lease back transaction, with a total financing amount of up to RMB 50 million and a term not exceeding 21 months [2] - The company will provide a joint liability guarantee for this financing lease back transaction, with the guarantee amount also capped at RMB 50 million [2] Internal Decision-Making Process - The financing lease transaction was approved by the company's fifth board of directors at its 14th meeting on May 15, 2025, and the external guarantee was approved at the 13th meeting and the 2024 annual general meeting [2] Basic Information of the Transaction Party - Bangyin Financial Leasing Co., Ltd. has a registered capital of RMB 3 billion and was established on August 16, 2013, with a business scope that includes financing leasing and related financial services [3] Basic Information of the Financing Lease Assets - The assets involved in the financing lease are the existing equipment of Anhui Meidalen, which are free from any pledges or disputes [4] Purpose and Impact of the Financing Lease - The financing lease back transaction is expected to enhance the company's asset liquidity, broaden financing channels, and optimize the capital structure without affecting the company's daily operations [5] Necessity and Reasonableness of the Guarantee - The guarantee provided by the company for Anhui Meidalen's financing lease back transaction is deemed necessary to support its business development, with the company maintaining control over the subsidiary's major operational and financial decisions [5] Cumulative External Guarantee Amount - As of the announcement date, the total external guarantee amount after this new guarantee will be RMB 667 million, which represents 130.51% of the company's latest audited net assets [6]

Financing and Guarantee Overview - The company plans to continue financing leasing business for its subsidiaries, with a total amount not exceeding 150 million RMB, authorized for a period of 12 months from the board's approval date [1][2] - The company and its subsidiaries intend to provide guarantees totaling up to 648 million RMB for the year 2025, which includes various forms of guarantees among subsidiaries [2][3] Guarantee Progress - The company has provided irrevocable joint liability guarantees for financing leases of 20 million RMB for Shandong Luoxin and 30 million RMB for Shandong Yuxin, within the approved limits [3][8] - After the guarantees, the total guarantee balance for Shandong Luoxin will be 1,164.82 million RMB, with a remaining guarantee capacity of 797.79 million RMB [3][8] - For Shandong Yuxin, the total guarantee balance will be 30 million RMB, with a remaining guarantee capacity of 81 million RMB [3][8] Financial Data of Subsidiaries - Shandong Luoxin reported total assets of 4,972.40 million RMB and total liabilities of 2,756.94 million RMB for the year 2024, with a net profit of -632.30 million RMB [5] - Shandong Yuxin reported total assets of 909.11 million RMB and total liabilities of 635.76 million RMB for the year 2024, with a net profit of -1,160.44 million RMB [6] Board's Opinion - The board believes that engaging in financing leasing will effectively meet the company's operational funding needs and optimize the capital structure [8] - The company maintains effective control over Shandong Luoxin, ensuring manageable risk levels for the guarantees provided [8] Total Guarantee Amount - After the new guarantees, the total guarantee amount by the company and its subsidiaries will be 2,538 million RMB, representing 183.61% of the latest audited net assets [9]

Core Viewpoint - The company is proposing a financing lease agreement for its subsidiary, Qiyang Bohe New Energy Co., Ltd., to support the construction of a photovoltaic power station, with a total financing amount of 342.90 million yuan and a total guarantee amount of 523.32 million yuan [7][8][12]. Group 1: Meeting Procedures - The company has established guidelines for the smooth conduct of the 2025 first extraordinary general meeting of shareholders, ensuring compliance with relevant laws and regulations [2][3]. - Only authorized personnel, including shareholders, directors, supervisors, and invited lawyers, are allowed to attend the meeting, maintaining order and protecting shareholder rights [3][4]. - Shareholders must register and arrive 15 minutes before the meeting to participate, and latecomers will not be allowed to enter [3][4]. Group 2: Financing Lease Details - The financing lease involves a principal amount of 342.90 million yuan, interest of 128.99 million yuan, and fees of 51.44 million yuan, with a term of 180 months, including a 12-month grace period [7][8]. - The annual interest rate for the financing lease is set at 4.2%, and the lease will cover equipment and facilities for a 100MW photovoltaic power station [7][8]. - The company’s wholly-owned subsidiary, Shenzhen He望 Energy Development Co., Ltd., will pledge its 51% equity in Qiyang Bohe as collateral for the financing lease [8][12]. Group 3: Guarantee Arrangements - The total guarantee amount for the financing lease, which includes all rent, interest, and fees, is 523.32 million yuan [8][12]. - Qiyang Bohe will provide additional collateral in the form of land use rights and future receivables [8][12]. - The company will not provide joint liability guarantees, and other minority shareholders have not provided guarantees in proportion to their equity [8][12].

Group 1 - The pilot program for financial leasing companies is not limited to local institutions in Shanghai, allowing qualified companies nationwide to conduct business in the Lingang New Area [1] - The scope of leasing objects has been expanded to include new energy, power batteries, intelligent manufacturing, and industrial mother machines, with business entities now including special purpose vehicles (SPVs) established by financial leasing companies across the country [1] - As of the end of 2024, there are 42 financial leasing companies registered in the Lingang New Area, with total assets exceeding 50 billion yuan, and 180 project companies with total assets over 36 billion yuan [2] Group 2 - The Lingang New Area has become a testing ground for innovative financial leasing practices, having launched several "firsts" in the industry, including the first cross-border leasing of domestically produced aircraft settled in RMB [2] - In June 2023, the Lingang New Area initiated a pilot for leasing integrated circuit equipment, with three financial leasing companies having invested a total of 8.87 million yuan in nine integrated circuit enterprises [3] - The first batch of pilot enterprises includes six financial leasing companies, which have established 17 SPVs in the Lingang area, focusing on the entire industrial chain of integrated circuits [3][4] Group 3 - Agricultural Bank of China Financial Leasing plans to increase asset investment in the Lingang area over the next three years, focusing on new energy and power battery equipment [4] - The company aims to enhance its service capabilities and expand its asset investment scale while supporting the entire industrial chain of domestically produced aircraft [5] - The strategy includes deepening cooperation with international shipping companies and leveraging the advantages of the Yangtze River Delta region's technology innovation and high-end manufacturing [5]

Group 1 - The company has decided to increase the financing lease business limit with Shanzhong Financing Leasing Co., Ltd. by 16 million yuan (excluding tax) to better support product sales and market development [2] - The board of directors approved this adjustment during the sixth temporary board meeting held on July 15, 2025, and the proposal will be submitted for approval at the second temporary shareholders' meeting of 2025 [2][4] - Shanzhong Financing Leasing Co., Ltd. is a subsidiary of the company's actual controller, Shandong Heavy Industry Group Co., Ltd., establishing an associated relationship between the two entities [2] Group 2 - As of March 31, 2025, Shanzhong Financing Leasing reported total assets of 1,044,839.84 million yuan and net assets of 265,506.44 million yuan, with a revenue of 12,384.62 million yuan for the first quarter of 2025 [2] - The company believes that collaborating with Shanzhong Financing Leasing will enhance sales channels and better promote product sales, as the leasing company possesses relevant business qualifications and risk control capabilities [3][4] - The board of directors supports the financing lease model as it allows the company to sell products to reputable customers while assuming repurchase guarantee responsibilities, which is seen as beneficial for meeting customer needs and driving sales [4]

Meeting Information - The second extraordinary general meeting of shareholders for Weichai Heavy Machinery Co., Ltd. is scheduled for July 31, 2025, at 14:50 [1] - The meeting will be convened by the board of directors and has been approved in previous board meetings [1][2] - The meeting will be held both in-person and via online voting, allowing shareholders to choose one method to exercise their voting rights [2] Voting Details - The record date for shareholders to attend the meeting is July 24, 2025 [2] - All common shareholders registered with China Securities Depository and Clearing Corporation Limited after market close on the record date are eligible to attend [2] - The meeting will take place at the company's conference room located at 17 Fuhai Avenue, Binhai Economic and Technological Development Zone, Weifang, Shandong Province [2] Agenda Items - The meeting will discuss several non-cumulative voting proposals, including adjustments to related party transactions with Weichai Power and its subsidiaries, and financing lease business limits with Shandong Heavy Industry Leasing Co., Ltd. [4][9] - Approval of these proposals requires more than two-thirds of the valid voting rights [4] Registration and Participation - Shareholders must register for the meeting by providing identification and, if applicable, a power of attorney for their representatives [5] - The registration will take place at the company's office, and participants are responsible for their own travel and accommodation expenses [5] Online Voting Process - Shareholders can participate in online voting through the Shenzhen Stock Exchange trading system and the internet voting system during specified hours [6] - The voting process includes options for agreeing, opposing, or abstaining from each proposal, with specific rules on how to handle duplicate votes [6]

Core Viewpoint - Jiangsu Province has introduced a new policy to support large-scale equipment updates in the transportation sector through financial subsidies for financing leasing businesses, aimed at enhancing efficiency and reducing costs in transportation logistics [1][2]. Group 1: Policy Overview - The "Transportation Rental" financial subsidy implementation plan aims to leverage fiscal funds to encourage the financing leasing industry to support the real economy [1]. - The policy expands the coverage of previous initiatives, specifically targeting financing leasing for equipment purchases, which is common among enterprises and individual businesses [2]. - The selected pilot institutions for this initiative include Jiangsu Financial Leasing Co., Ltd., Su Yin Financial Leasing Co., Ltd., and Suzhou Financial Leasing Co., Ltd., which will receive a subsidy of 1.5 percentage points on interest expenses for direct financing leasing business from January 1, 2025, to December 31, 2026 [2]. Group 2: Financing Benefits - The "Transportation Rental" program provides an important financing alternative to traditional bank loans, particularly beneficial for capital-intensive transportation projects with long investment recovery periods [4]. - This financing method allows enterprises to avoid large upfront capital expenditures, freeing up liquidity for core business operations [4]. - Operating leases can achieve "off-balance-sheet financing," improving the asset-liability ratio of companies and smoothing financial cost expenditures [4]. Group 3: Implementation Features - The implementation plan features broad policy coverage, including transportation vehicles and related facilities, available to registered enterprises and individual businesses in Jiangsu [5]. - The application process is streamlined through the "Jiangsu Transportation Cloud" app, allowing eligible projects to be easily submitted and approved [5]. - The maximum annual provincial subsidy for a single project is capped at 10 million yuan, with a total limit of 20 million yuan for multiple projects from the same entity [6].

Group 1 - The company held its 22nd meeting of the 5th Board of Directors on July 11, 2025, with all 9 directors present, including independent director Wu Changshun attending via remote voting [1][2]. - The Board approved a proposal to engage in financing leasing business with related parties, with a financing amount not exceeding 20 million yuan and a lease term of no more than 3 years [1][2]. - The Board also approved a proposal to register and issue medium-term notes and ultra-short-term financing bonds, with a total amount not exceeding 500 million yuan for each type, to enhance financial management and meet operational needs [2][3]. Group 2 - The company plans to hold its 4th extraordinary general meeting on July 28, 2025, at 14:30 in Yixing City, Jiangsu Province [2][3].

Group 1 - The company is holding its second extraordinary general meeting of shareholders on July 21, 2025, to discuss important matters including financing lease proposals [1][2] - The meeting will be conducted both in-person and online, allowing shareholders to participate through designated voting platforms [2][4] - Shareholders are required to present identification and relevant documents to attend the meeting, ensuring the integrity and order of the proceedings [2][3] Group 2 - The main agenda includes a proposal for the company's subsidiary, Yunnan Mili Leidatan Hydropower Co., Ltd., to apply for a financing lease of RMB 300 million for 144 months at an annual interest rate of 4.1% [4][5] - The company and its subsidiary, Yunnan Mili Phosphate Chemical Co., Ltd., will provide unlimited joint liability guarantees for the financing lease, with collateral including part of the subsidiary's assets and electricity revenue rights [4][5] - The company holds a 55% stake in the hydropower subsidiary, which is considered to have stable operations and good creditworthiness, making the guarantee risk manageable [5]

Transaction Overview - The company’s wholly-owned subsidiary, Fujian Huajia Color Co., Ltd. (Huajia Color), has entered into a financing lease agreement with Xinxin Financing Leasing Co., Ltd. for a total amount of RMB 150 million, with a lease term of 3 years [1] - The controlling shareholder, Fujian Electronic Information (Group) Co., Ltd., provides a joint liability guarantee for this transaction, charging a guarantee fee at an annualized rate not exceeding 1.5% [1][6] Parties Involved - Xinxin Financing Leasing Co., Ltd. is a limited liability company established in 2015, with a registered capital of RMB 1,320.95 million, and does not have a controlling shareholder [2][3] - Fujian Electronic Information (Group) Co., Ltd. is a state-owned enterprise with a registered capital of RMB 1,523.87 million, and it is the controlling shareholder of the company [3][4] Key Contractual Details - The lease agreement specifies that the rental payments will be made every three months, calculated based on an equal principal repayment method [4][5] - The guarantee contract covers all rental payments, service fees, penalties, and any costs incurred by the creditor in enforcing the guarantee [5] Purpose and Impact of the Transaction - The financing lease aims to meet Huajia Color's funding needs without adversely affecting its operational capabilities [6] - The joint liability guarantee provided by the controlling shareholder enhances the financing capacity of the company and its subsidiaries, aligning with the overall interests of the company [6][7] Related Transactions - The company has engaged in various related party transactions amounting to RMB 77.43 million this year, with the controlling shareholder providing guarantees and short-term loans totaling RMB 241.14 million, all of which have been repaid [7]