Zhejiang Oriental: Plans to acquire a 5.98% stake in Guojin Leasing for 108 million yuan

Zhejiang Oriental Announcement: Its wholly-owned subsidiary Dongfang Production and Finance plans to acquire a 5.98% stake held by the foreign shareholder Forever Treasure of Guojin Leasing with self-owned funds of 108 million yuan. Since Sun Yong, Chairman and General Manager of Futu Fa, another shareholder of Guojin Leasing, has served as a director of the company, this constitutes a joint investment with related parties. This transaction does not constitute a major asset restructuring and has been reviewed by the company’s independent directors’ special committee and the board of directors, and does not need to be submitted to the shareholders’ meeting for approval.