On September 26th, Geelong reports that ZGC Tec Leasing (01601.HK) announced that on September 26, 2024, the company, as the lessor, separately entered into 34 financing leasing agreements with Di Shang Tie Zu Che (Shenzhen) Co., Ltd. and its 33 subsidiaries. As per the agreements, (i) the lessor will purchase new energy logistics vehicles from the 33 subsidiaries of Di Shang Tie Zu Che (Shenzhen) Co., Ltd., as well as two patents of Di Shang Tie Zu Che (Shenzhen) Co., Ltd., with respective transfer prices of RMB 0.1 billion and RMB 10 million; and (ii) the lessor will lease back the new energy logistics vehicles to the 33 subsidiaries of Di Shang Tie Zu Che (Shenzhen) Co., Ltd., and lease the two patented technologies back to Di Shang Tie Zu Che (Shenzhen) Co., Ltd., for lease terms of 36 months and 24 months, with total lease payments of approximately RMB 0.109 billion and RMB 10.6 million, including financing lease principal amounts of RMB 0.1 billion and RMB 10 million, and financing lease interest income (including value-added tax) of approximately RMB 8.7876 million and RMB 0.6 million.