The board of directors of the China Development Bank Financial Leasing Co., Ltd. announced that the company has recently entered into the Strategic Cooperation Agreement (the "Agreement") with Shenyang Machine Tools Co., Ltd. ("Shenyang Machine"). Pursuant to the Agreement, the cooperation between both parties mainly covers areas including the transformation, upgrade and the change of business model of Shenyang Machine, aiming to take advantages of the i5 advanced technology and jointly explore the equipment leasing business with the support of Internet, Internet of Things and big data technology platform. It is expected that both parties will complement each other's advantages and make a win-win solution through business models such as operating lease, finance lease and collaborative disposal of equipment residual value. The overall cooperation scale under the Agreement amounts to RMB 5 billion with a term of three years commencing from the execution date of the Agreement. Furthermore, the Agreement will help the Company to develop a new growth engine in the high-end equipment sector, nurturing vast potential for future business growth.