ALLI INTL ED LE (01563.HK): Enters Finance Lease Agreement to Acquire Equipment for RMB 37 Million and Lease Back for Three Years, Total Rental of Approximately RMB 41.075 Million
NewTimeSpace News: On 20 August 2026, Alliance International Education Leasing Holdings Limited (stock code: 01563) announced that its wholly-owned subsidiary, Union International Financial Leasing (Shenzhen) Co., Ltd. (the lessor), entered into a finance lease agreement after trading hours the same day with Dongtai Leida Steel Cord Co., Ltd. (the lessee), under which the lessor will purchase the leased assets from the lessee for a consideration of RMB 37,000,000 and lease the assets back to the lessee for a term of three years, with total rental payments of approximately RMB 41,075,000 (being the sum of lease principal and lease interest).
The leased assets are the lessee's production equipment, including double-twist machines, in-line wire drawing machines, bead wire production lines, electroplating tank systems, open-flame heat treatment furnaces and related auxiliary equipment, with an aggregate book value of approximately RMB 67,459,000. The lease principal is RMB 37,000,000 (100% of the total consideration), and the total lease interest is approximately RMB 4,075,000, calculated at a fixed annual interest rate of 6.58%, payable in twelve equal instalments. The lessee is required to pay a non-interest-bearing deposit of RMB 740,000 within five business days of the agreement taking effect. Jiangsu Leida Co., Ltd., Mr. Tang Guanghong and Mr. Tang Xiaoshuai have each entered into joint and several guarantees. Upon expiry of the lease term and the lessee's full performance of its obligations, the leased assets may be repurchased at a nominal purchase price of RMB 100.
The lessee is wholly owned by Jiangsu Leida, which is in turn owned as to approximately 70.51% by Mr. Tang Guanghong and 17.48% by the Leida Labour Union, with Mr. Tang Guanghong being the ultimate beneficial owner of both the lessee and Jiangsu Leida. As the applicable percentage ratio exceeded 5% but was below 25%, the transactions constitute a discloseable transaction of the company, subject to the notification and announcement requirements under Chapter 14 of the Listing Rules. The group is principally engaged in finance leasing business and the provision of private higher education through Yantai Nanshan College, and expects the agreement to generate steady finance leasing income and cash flow.
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