Baoying shares: Intend to lease the property, with an expected total rental income of about 160 million yuan.

Baoying Corporation announced that in order to improve asset utilization efficiency, the company plans to rent out 15 self-owned properties located in Nanshan District, Shenzhen, with a total construction area not exceeding 11,047.92 square meters. The starting rent will not be less than 120 yuan/month/square meter, with a proposed lease term of 10 years. If fully rented out, the annual rental income is expected to be approximately 16 million yuan, with total rental income of around 160 million yuan. The proposal has been approved by the board of directors and still requires approval from the shareholders' meeting. This lease is expected to not constitute a related party transaction or a major asset restructuring, but the final outcome is uncertain.