Chenfeng Technology announced that in order to meet business development needs, the company plans to use some production equipment and office equipment as targets to carry out after-sales leasing business with Yuandong International Financial Leasing Co., Ltd., with a leasing cost of 122 million yuan and a lease period of 24 months. After the expiration of the period, the company will reserve the leased property for 100 yuan. This transaction does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for review, and there is no significant impact on the company's profit and loss for the current year or future.

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