Bohai Leasing Co., Ltd.

Bohai Leasing Co., Ltd. is a prominent leasing industry group listed on the Shenzhen Stock Exchange since 1996. It is recognized as the first company in the leasing sector to be listed on China's A-share market. The company specializes in various leasing services, including aircraft leasing, container leasing, and domestic financial leasing. Through its subsidiaries, such as Avolon and GSCL, Bohai Leasing has positioned itself as a global leader in the leasing industry. The company's core business lines encompass aircraft and container leasing, with a significant asset base that includes 1,158 owned, managed, and committed aircraft, as well as approximately 4.053 million CEU in container capacity. Bohai Leasing operates a comprehensive global network with 28 operational centers across six continents, serving over 900 clients in more than 80 countries. The company aims to strengthen its market position by expanding its leasing solutions and optimizing its operations across the leasing industry chain, thereby supporting the real economy and aligning with national strategies.

Leading Industry Position: Bohai Leasing maintains a globally leading position in the aircraft and container leasing sectors. As of the end of 2024, the company owned, managed and committed fleet of 1,158 aircrafts, while its owned and managed container fleet amounts to approximately 4.053 million CEU, solidifying its status as a world-class provider of aircraft and container leasing services.The company's wholly-owned subsidiary, Tianjin Bohai Leasing, holds the top position in China by registered capital and demonstrates significant competitive advantages in niche segments such as aircraft leasing and infrastructure leasing.. Comprehensive Global Presence and Robust Asset Management Capabilities: Bohai Leasing has established branches or sales channels across six continents and over 80 countries and regions, serving approximately 900 leasing clients worldwide. This strategic expansion has forged a dual-track global leasing network that seamlessly integrates domestic and international operations. Strong Capital Base and Diversified International Financing Channels: As of December 31, 2024, Bohai Leasing reported total assets of approximately CNY 286.399 billion and shareholders'equity attributable to the parent company of CNY 31.471 billion. This robust financial foundation underpins the company's leasing business expansion, asset portfolio optimization, and financing initiatives. Bohai Leasing also maintains diversified financing channels spanning both domestic and international capital markets, ensuring flexible access to funding and enhancing its competitive edge in global operations. Strong Credit Profile: In October 2024, Moody's, the international rating agency, reaffirmed Avolon's investment-grade rating at “Baa3” and upgraded its outlook from “Stable” to “Positive”. Currently, all three major global rating agencies — Moody's, Fitch, and S&P Global Ratings — have affirmed Avolon's investment-grade credit ratings (Fitch: BBB-, S&P: BBB-). Additionally, S&P Global Ratings assigned investment-grade ratings of “A” and “BBB+” to the asset-backed securities (ABS) issued by GSCL in 2021. Forward-Looking Risk Awareness and Robust Risk Management Framework: Bohai Leasing has established a three-line defense mechanism that integrates pre-event, in-process, and post-event controls, with full coverage of company personnel. This system consists of three risk lines of defense: the business operation system, risk management system, and independent audit system, effectively blocking loopholes in risk management. Globalized Management Team and Extensive Industry Expertise: Bohai Leasing's leadership team possesses profound management experience in the leasing industry and a global strategic vision, delivering exceptional operational capabilities. The company has established an effective management model that meets the characteristics and development requirements of the company's business.