Shandong Molong: Plans to conduct two sale-and-leaseback financing transactions totaling no more than RMB 100 million

Shandong Molong announced that the company plans, as lessee, to use certain production equipment as lease assets to conduct sale-and-leaseback financing transactions separately with Weifang Guoxin Financial Leasing Co., Ltd. and Jiangsu Financial Leasing Co., Ltd. The financing amount for each transaction shall not exceed RMB 50 million, and the term for each shall not exceed 36 months. Specific details such as the lease interest rate, rent, and payment method shall be subject to the agreements actually signed. This transaction does not constitute a related-party transaction or a major asset restructuring. The relevant matters have been reviewed and approved by the company's board of directors and do not need to be submitted to the shareholders' meeting for review.