Common use of THE FINANCE LEASE AGREEMENT Clause in Contracts

THE FINANCE LEASE AGREEMENT. On 29 September 2020, XXXXX (on behalf of the BECEE Group), as lessee, entered into the Finance Lease Agreement with CRCC Leasing, as lessor, pursuant to which CRCC Leasing shall purchase the Leased Assets from the BECEE Group for a total consideration of RMB450,000,000. The Leased Assets would then be leased to the BECEE Group for a term of 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CRCC Leasing throughout the lease period. At the end of the lease period and subject to payments by XXXXX of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 for the Leased Assets, the ownership of the Leased Assets will be vested in the BECEE Group. Date 29 September 2020 Parties Lessor: CRCC Leasing Lessee: BECEE (on behalf of the BECEE Group) The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CRCC Leasing from the BECEE Group; and (ii) the lease arrangements, details of which are set out below. Sale and purchase arrangements Pursuant to the Finance Lease Agreement, CRCC Leasing shall purchase the Leased Assets from the BECEE Group for a total consideration of RMB450,000,000. The consideration to be paid by CRCC Leasing was determined after arm’s length negotiations between parties to the Finance Lease Agreement by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CRCC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CRCC Leasing having received the initial payment for the handling and other fees in the amount of RMB13,500,000 from BECEE. Lease back arrangements Pursuant to the Finance Lease Agreement, CRCC Leasing agreed to lease the Leased Assets to the BECEE Group for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by CRCC Leasing in writing.

THE FINANCE LEASE AGREEMENT. On 29 September 20202 June 2021, XXXXX (on behalf of the BECEE Group)Jinjie New Energy and BTJY, as lesseelessees, entered into the Finance Lease Agreement with CRCC LeasingXXX Xxxxxxx, as lessor, pursuant to which CRCC XXX Leasing shall purchase the Leased Assets from the BECEE Group Jinjie New Energy and BTJY for a total consideration of RMB450,000,000RMB280,000,000 (RMB150,000,000 for the Leased Assets I and RMB130,000,000 for the Leased Assets II). The Leased Assets would then be leased to the BECEE Group Jinjie New Energy and BTJY respectively for a term of 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CRCC XXX Leasing throughout the lease period. At the end of the lease period and subject to payments by XXXXX Jinjie New Energy and BTJY of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 RMB100 for the Leased Assets, the ownership of the Leased Assets will be vested in the BECEE GroupJinjie New Energy and BTJY, respectively. Date 29 September 2020 2 June 2021 Parties Lessor: CRCC Leasing LesseeXXX Xxxxxxx Lessees: BECEE (on behalf of the BECEE Group) Jinjie New Energy and BTJY The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CRCC Leasing XXX Xxxxxxx from the BECEE GroupJinjie New Energy and BTJY; and (ii) the lease arrangements, details of which are set out below. Sale and purchase arrangements Pursuant to the Finance Lease Agreement, CRCC Leasing XXX Xxxxxxx shall purchase the Leased Assets from the BECEE Group Jinjie New Energy and BTJY for a total consideration of RMB450,000,000RMB280,000,000 (RMB150,000,000 for the Leased Assets I and RMB130,000,000 for the Leased Assets II). The consideration to be paid by CRCC Leasing XXX Xxxxxxx was determined after arm’s length negotiations between parties to the Finance Lease Agreement by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CRCC Leasing XXX Xxxxxxx having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CRCC Leasing having received the initial payment for the handling and other fees in the amount of RMB13,500,000 from BECEE. Lease back arrangements Pursuant to the Finance Lease Agreement, CRCC Leasing agreed to lease the Leased Assets to the BECEE Group for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by CRCC Leasing in writing.

THE FINANCE LEASE AGREEMENT. II On 29 27 September 20202023, XXXXX (on behalf of the BECEE Group)Qiangmao Energy, as lessee, and CIMC Capital, as lessor, entered into the Finance Lease Agreement with CRCC Leasing, as lessorII, pursuant to which CRCC Leasing shall CIMC Capital agreed to purchase the Leased Assets II from the BECEE Group Qiangmao Energy for a total consideration of RMB450,000,000RMB60,000,000. The Leased Assets II would then be leased to the BECEE Group Qiangmao Energy for a term of 8 13 years. The legal ownership of the Leased Assets II under the Finance Lease Agreement II will be vested in CRCC Leasing CIMC Capital throughout the lease periodLease Period. At the end of the lease period Lease Period and subject to payments by XXXXX Qiangmao Energy of (i) all amounts due under the Finance Lease AgreementAgreement II; and (ii) a nominal consideration of RMB10,000 RMB100 for the Leased AssetsAssets II, the legal ownership of the Leased Assets II will be vested in Qiangmao Energy. LISTING RULES IMPLICATIONS As the BECEE Group. Date 29 September 2020 Parties Lessor: CRCC Leasing Lessee: BECEE (on behalf highest applicable percentage ratio set out in Rule 14.07 of the BECEE Group) Listing Rules in respect of the Finance Lease Agreements, when aggregated with the Previous Finance Lease Agreement, is more than 25% but all of the applicable percentage ratios are lower than 75%, the entering into of the Finance Lease Agreements constitutes a major transaction for the Company under Chapter 14 of the Listing Rules and the Finance Lease Arrangements are therefore subject to the reporting, announcement and Shareholders’ approval requirements under Chapter 14 of the Listing Rules. The EGM will be convened and held for the Shareholders to consider and, if thought fit, to approve the Finance Lease Arrangements. A circular containing, among other things, further details of the Finance Lease Arrangements, the notice convening the EGM and other information as required under the Listing Rules is expected to be despatched to the Shareholders on or before 31 October 2023 as additional time is required to prepare the information to be included in the circular. THE FINANCE LEASE AGREEMENT I On 27 September 2023, Xxxxxx Xxxxxx, as lessee, and CIMC Capital, as lessor, entered into the Finance Lease Agreement comprised (i) I, pursuant to which CIMC Capital agreed to purchase the purchase Leased Assets I from Lingbi Yongji for a total consideration of RMB67,000,000. The Leased Assets I would then be leased to Xxxxxx Xxxxxx for a term of 13 years. The legal ownership of the Leased Assets I under the Finance Lease Agreement I will be vested in CIMC Capital throughout the Lease Period. At the end of the Lease Period and subject to payments by CRCC Leasing from Xxxxxx Xxxxxx of (i) all amounts due under the BECEE GroupFinance Lease Agreement I; and (ii) a nominal consideration of RMB100 for the lease arrangementsLeased Assets I, details the legal ownership of which are the Leased Assets I will be vested in Xxxxxx Xxxxxx. A summary of the principal terms of the Finance Lease Agreement I is set out below. : Sale and purchase arrangements and consideration Pursuant to the Finance Lease AgreementAgreement I, CRCC Leasing CIMC Capital shall purchase the Leased Assets I from the BECEE Group Lingbi Yongji for a total consideration of RMB450,000,000RMB67,000,000. The consideration shall be payable in cash by CIMC Capital to be paid by CRCC Leasing Xxxxxx Xxxxxx, which was determined after arm’s length negotiations between the parties to the Finance Lease Agreement by I with reference to the prevailing market price of the Leased Assets. Assets I. The payment total consideration shall be payable to Xxxxxx Xxxxxx in full after the fulfillment of certain conditions precedent as set out in the Finance Lease Agreement I. Conditions precedent Payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CRCC Leasing having received the relevant documentary proof for confirming (i) the ownership Agreement I is subject to fulfilment of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CRCC Leasing having received the initial payment for the handling and other fees in the amount of RMB13,500,000 from BECEE. Lease back arrangements Pursuant to the Finance Lease Agreementfollowing conditions precedent, CRCC Leasing agreed to lease the Leased Assets to the BECEE Group for a term of 8 years. The commencement date(s) of the finance lease period shall be notified which are waivable by CRCC Leasing in writing.CIMC Capital:

THE FINANCE LEASE AGREEMENT. On 29 18 September 20202019, XXXXX (on behalf of the BECEE Group)QXZF and BEWP, as lesseeco-lessees, entered into the Finance Lease Agreement with CRCC ICBC Leasing, as lessor, pursuant to which CRCC ICBC Leasing shall purchase the Leased Assets from the BECEE Group for a total consideration of RMB450,000,000. The Leased Assets would RMB650,000,000, which shall then be leased to the BECEE Group co-lessees for a term of 8 12 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CRCC ICBC Leasing throughout the lease period. At the end of the lease period and subject to payments by XXXXX the co-lessees of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 RMB1 for the Leased Assets, the ownership of the Leased Assets will be vested in the BECEE Groupco-lessees. Date 29 18 September 2020 2019 Parties Lessor: CRCC ICBC Leasing LesseeCo-lessees: BECEE (on behalf QXZF and BEWP To the best knowledge, information and belief of the BECEE Group) Directors having made all reasonable enquiries, ICBC Leasing and its ultimate beneficial owners are Independent Third Parties. The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CRCC ICBC Leasing from the BECEE Group; and (ii) the lease arrangements, details of which are set out discussed below. Sale and purchase arrangements Pursuant to the Finance Lease Agreement, CRCC ICBC Leasing shall purchase the Leased Assets from the BECEE Group for a total consideration of RMB450,000,000. The consideration to be paid by CRCC Leasing RMB650,000,000, which was determined after arm’s length negotiations between parties to the Finance Lease Agreement Group and ICBC Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CRCC ICBC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CRCC Leasing having received the initial payment for the handling and other fees in the amount of RMB13,500,000 from BECEE. Lease back arrangements Pursuant to the Finance Lease Agreement, CRCC Leasing agreed to lease the Leased Assets to the BECEE Group for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by CRCC Leasing in writing.confirming

THE FINANCE LEASE AGREEMENT. On 29 September 202013 June 2019, XXXXX (on behalf of the BECEE Group), as lessee, Lessees entered into the Finance Lease Agreement with CRCC Leasing, as lessor, pursuant to which CRCC Leasing shall purchase the Leased Assets from the BECEE Group for a total consideration of RMB450,000,000RMB70,538,798. The Leased Assets would were then be leased to the BECEE Group Lessees for a term of 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CRCC Leasing throughout the lease period. At the end of the lease period and subject to payments by XXXXX the Lessees of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 RMB5,000 for the Leased Assets, the ownership of the Leased Assets will be vested in the BECEE GroupLessees. Date 29 September 2020 13 June 2019 Parties Lessor: CRCC Leasing LesseeLessees: BECEE (on behalf The Lessees To the best knowledge, information and belief of the BECEE Group) Directors having made all reasonable enquiries, CRCC Leasing and its ultimate beneficial owners are Independent Third Parties. The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CRCC Leasing from the BECEE Group; and (ii) the lease arrangements, details of which are set out discussed below. Sale and purchase arrangements Pursuant to the Finance Lease Agreement, CRCC Leasing shall purchase the Leased Assets from the BECEE Group for a total consideration of RMB450,000,000RMB70,538,798. The consideration to be paid by CRCC Leasing was determined after arm’s length negotiations between parties to the Finance Lease Agreement Group and CRCC Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CRCC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CRCC Leasing having received the initial payment below have been completed for the handling and other fees in the amount of RMB13,500,000 from BECEE. Lease back arrangements Pursuant to the Finance Lease Agreement, CRCC Leasing agreed to lease the Leased Assets to the BECEE Group for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by CRCC Leasing in writing.