Zhongwei Group (stock code: 00751) announced on 23 April 2024 that its indirect wholly-owned subsidiary Shenzhen Chongwei Finance Lease has entered into post-sale and leaseback agreements with several tenants. The initial total sale price involved in the agreement is RMB125,300,000, equivalent to approximately HK$137,830,000. Under the agreement, Shenzhen Chongwei Finance Leasing will provide sale and leaseback services to tenants. Since Mr. Wong holds approximately 52.53% of the shares in Zvi Group, is the controlling shareholder and indirectly controls all the tenants, this transaction constitutes a continuing connected transaction. The applicable percentage of the transaction is greater than 0.1% but less than 5% and is therefore subject to the declaration and announcement requirements of Chapter 14A of the Listing Rules, but is exempt from compliance with the independent shareholder approval requirement. The Board considers that the terms of this transaction are fair and reasonable and in the overall interests of the Company and its shareholders.

Zhongwei Group (stock code: 00751) announced on 23 April 2024 that its indirect wholly-owned subsidiary Shenzhen Chongwei Finance Lease has entered into post-sale and leaseback agreements with several tenants. The initial total sale price involved in the agreement is RMB125,300,000, equivalent to approximately HK$137,830,000. Under the agreement, Shenzhen Chongwei Finance Leasing will provide sale and leaseback services to tenants. Since Mr. Wong holds approximately 52.53% of the shares in Zvi Group, is the controlling shareholder and indirectly controls all the tenants, this transaction constitutes a continuing connected transaction. The applicable percentage of the transaction is greater than 0.1% but less than 5% and is therefore subject to the declaration and announcement requirements of Chapter 14A of the Listing Rules, but is exempt from compliance with the independent shareholder approval requirement. The Board considers that the terms of this transaction are fair and reasonable and in the overall interests of the Company and its shareholders.