Shenzhen Yushun Electronics Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Basic Information on the Financing Lease
On January 26, 2026, and February 12, 2026, the Company held the 34th meeting of the 6th Board of Directors and the first extraordinary general meeting of shareholders in 2026, respectively, to review and approve the proposal regarding the financing lease business to be conducted by the major asset restructuring target company. To further broaden financing channels and improve capital utilization efficiency, Zhong'en Cloud (Beijing) Data Technology Co., Ltd. (hereinafter referred to as "Zhong'en Cloud Technology") intends to conduct financing lease business with qualified leasing institutions through sale-leaseback arrangements, with a financing limit not exceeding RMB 2 billion (including RMB 2 billion) and a financing term not exceeding 84 months. Zhong'en Cloud (Beijing) Data Information Technology Co., Ltd. (hereinafter referred to as "Zhong'en Cloud Information") and Zhong'en Cloud Technology plan to provide accounts receivable pledge guarantees, valid for 12 months from the date of approval by the Company's general meeting of shareholders. For details, please refer to the announcement disclosed by the Company on January 27, 2026, regarding the financing lease business (Announcement No.: 2026-005). The Board of Directors proposes that the general meeting of shareholders authorize the management to handle all matters related to the sale-leaseback business within the approved limit, including but not limited to signing agreements and legal documents. The Company will not hold another Board of Directors or general meeting of shareholders for each individual financing lease sale-leaseback transaction.
Recently, Zhong'en Cloud Technology signed a "Financing Lease Contract" with CMB Financial Leasing Co., Ltd. (hereinafter referred to as "CMB Financial Leasing") to conduct financing lease business in the form of sale-leaseback, with the leased items being data center electromechanical equipment. The total financing amount is RMB 1,622.778 million, with a term of 60 months from the date of payment for the transfer price of the leased items, with the lease commencement date being the date of payment by CMB Financial Leasing for the transfer price of the leased items. At the same time, Zhong'en Cloud Technology and Zhong'en Cloud Information signed "Accounts Receivable Pledge Contracts" with CMB Financial Leasing, whereby Zhong'en Cloud Technology and Zhong'en Cloud Information provide guarantees for the debts owed to CMB Financial Leasing under the "Financing Lease Contract" based on the accounts receivable from contracts signed with their clients. The main contents of the financing lease contract and accounts receivable pledge contract are detailed below.