Core Viewpoint - Honghua Group (00196) has entered into an operating lease agreement with Taiping Petrochemical, which will enhance its operational capabilities and address equipment supply shortages [1] Group 1: Lease Agreement Details - The lease agreement is established between Taiping Petrochemical (as the lessor) and Honghua Electric (as the lessee) [1] - The quarterly lease payment is set at RMB 8.9963 million, with an initial lease term of 36 months [1] - The lease term may be extended by an additional 24 months under certain conditions [1] Group 2: Equipment and Operational Impact - The leased assets include 16 units of 6,000 horsepower electric fracturing pumps along with related control systems and supporting equipment [1] - The agreement is expected to help mitigate anticipated equipment supply shortages and enhance the lessee's ability to provide uninterrupted services [1] - This move is anticipated to stabilize the supply chain, ensure operational continuity, and optimize procurement costs [1]

Core Viewpoint - Honghua Group (00196) has entered into an operating lease agreement with Taiping Petrochemical, which will enhance its operational capabilities and address equipment supply shortages [1] Group 1: Lease Agreement Details - The lease agreement is set to commence on August 22, 2025, with Honghua Electric as the lessee and Taiping Petrochemical as the lessor [1] - The quarterly lease payment is set at RMB 8.9963 million, with an initial lease term of 36 months, extendable by 24 months under certain conditions [1] - The leased assets include 16 units of 6,000 horsepower electric fracturing pumps and related control systems and equipment [1] Group 2: Business Implications - The lease agreement is expected to help the company address anticipated equipment supply shortages [1] - It will strengthen the lessee's ability to provide uninterrupted services to meet business demands [1] - The agreement is anticipated to stabilize the supply chain, ensure operational continuity, and optimize procurement costs [1]