Shandong Molong announced that the company plans to use some production equipment as the lessee to carry out after-sales leaseback financing business with Weifang Guoxin Financial Leasing Co., Ltd. and Jiangsu Financial Leasing Co., Ltd., respectively. The financing amount for both transactions is no more than 50 million yuan, and the period is no more than 36 months. Details such as rental interest rates, rent and payment methods are subject to the actual agreement signed. This transaction does not constitute a related transaction or major asset restructuring. The relevant matters have been reviewed and approved by the company's board of directors, and there is no need to submit them to the shareholders' meeting for consideration.

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