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].

Core Viewpoint - The company has entered into three financing lease agreements with Xinjiang Petroleum Energy Service Co., Ltd., which are expected to generate revenue and profit over the lease terms, aligning with the company's business development strategy [1][2]. Group 1: Financing Lease Agreements - On September 26, 2025, the company signed Financing Lease Agreement I, involving the purchase of leasing asset I for RMB 16 million, with a total lease payment of approximately RMB 17.0664 million over a 36-month period [1]. - Financing Lease Agreement II was also signed on the same date, with the company purchasing leasing asset II for RMB 25 million, resulting in a total lease payment of approximately RMB 26.6662 million over 36 months [1]. - Financing Lease Agreement III was established on September 26, 2025, with the company acquiring leasing asset III for RMB 29 million, leading to a total lease payment of approximately RMB 30.9328 million over 36 months [2]. Group 2: Asset Details - Leasing asset I consists of oil extraction equipment such as mud pumps, with a book value of approximately RMB 16.0274 million [2]. - Leasing asset II includes variable frequency drive drilling rigs, with a book value of approximately RMB 25.8396 million [2]. - Leasing asset III comprises top drives, with a book value of approximately RMB 29.0124 million [2]. Group 3: Management Perspective - The board believes that the financing lease agreements will provide income and profit during the lease terms, and they are based on normal commercial terms, deemed fair and reasonable for the company and its shareholders [2].