Core Viewpoint - The article discusses the rules and regulations regarding the deduction of input VAT for fixed assets in financing leasing, differentiating between direct leasing and sale-leaseback models [1]. Group 1: Direct Leasing Model - In the direct leasing model, the lessor purchases or produces assets and directly leases them to the lessee, who pays rent and gains usage rights. The lessee treats this as a purchase of self-owned assets, allowing for input VAT deduction [2]. - Input VAT deduction rules include: 1. Requirement for invoices: The lessee must obtain a special VAT invoice from the lessor, typically at a tax rate of 13% or 9% for real estate [3]. 2. Deduction subject: The lessee must be a general VAT taxpayer (small-scale taxpayers cannot deduct) [3]. 3. Usage restrictions: The leased asset must be used for taxable projects; input VAT cannot be deducted if used for exempt projects, collective welfare, or personal consumption [3]. - The deduction timing is generally aligned with the rent payment period, allowing for input VAT to be deducted in installments as invoices are received [4]. Group 2: Sale-Leaseback Model - The sale-leaseback model involves the lessee selling an asset to a financing lease company for financing purposes, which then leases the asset back to the lessee. This model is defined under specific regulations [5]. - In the sale-leaseback scenario, the sale of the asset to the leasing company is not subject to VAT, and no sales revenue is recognized by the lessee [6]. - If the sale constitutes a substantive sale, the lessee must pay VAT on the sale and can issue a special VAT invoice for the lessor to deduct input VAT; subsequent leasing payments can also allow for input VAT deduction [6].

Meeting Overview - The company will hold its 2025 Fourth Extraordinary General Meeting of Shareholders on June 19, 2025, with both on-site and online voting options available [1][4]. - The meeting is convened by the company's board of directors and complies with relevant laws and regulations [1][3]. Agenda Items - The meeting will review several proposals, including financing lease transactions with Shudao Leasing and addressing unremedied losses that exceed one-third of the registered capital [3][7]. - Specific proposals require separate voting, and there are provisions for minority investors to vote independently [3][7]. Registration and Voting Procedures - Shareholders must register for the meeting by providing necessary documentation, including shareholder account cards and identification [4]. - Online voting can be conducted through the Shenzhen Stock Exchange's trading system and internet voting system, with detailed procedures provided [4][5]. Documentation - Relevant documents, including resolutions from the board and supervisory committee meetings, will be available for review [5].

Group 1 - The company and its wholly-owned subsidiary, Sichuan Development Maglev Technology Co., Ltd., plan to engage in a financing sale-leaseback transaction with Shudao Leasing, involving a financing amount of 260 million yuan for a period of 3 years [1][5] - The transaction requires approval from the company's shareholders' meeting, with related parties abstaining from voting [2][7] - Shudao Leasing is controlled by the company's major shareholder, Shudao Investment Group, and is not a dishonest entity [3][4] Group 2 - The financing amount of 260 million yuan is based on a market-driven pricing mechanism, with an internal rate of return (IRR) not exceeding 5.30% [4][5] - The leased assets have a book value of no less than 323 million yuan and are free from any encumbrances or legal disputes [4][5] - The transaction aims to provide long-term funding support for the company's operations and optimize its debt structure without affecting the normal use of the leased assets [5][6] Group 3 - The independent directors unanimously approved the transaction, stating it is a routine financing activity that does not harm the interests of the company or its shareholders [6][7] - The company has previously engaged in similar transactions with Shudao Leasing, including a financing amount of 160 million yuan approved in January 2025 [6][8] - The company anticipates that total daily related transactions with Shudao Group and its controlled entities in 2025 will not exceed 68.407 million yuan [6][8]