The "phase II asset-backed special scheme of Tianfeng-Dazhong Financial Leasing 5G phased consumption" initiated by Dazhong Leasing and undertaken by Tianfeng Capital has been successfully issued on January 25, 2024. Dazhong Financial Leasing declared to the Shanghai Stock Exchange the 3rd operator’s phased asset storage shelf “Tianfeng-Dahong 5G phased consumption phase 1-8 asset-backed special scheme” was successfully approved in January 2023, and this product is the second issue under the storage shelf. The approval and issuance of this storage shelf continues to inject financial innovation into the public market for Dazhong Financial Leasing in the field of phased consumption.

This issuance scale is RMB 249 million. The product is categorised into priority level and secondary level, among which the priority scale is RMB236 million, accounting for 94.78%, and AAA rating; the secondary scale is RMB13 million, accounting for 5.22%. This product is the 6th issuance, which is highly recognised by the majority of investors. The the subscription has reached more than 2 times and the interest rate is at a lower level than that of ABS products of the same maturity.

For years, Dazhong Financial Leasing deeply cultivates the phased consumption field of operators and continuously consolidates the foundation in terms of asset investment and risk control measures. The management ability of Dazhong in the field of phased consumption has been highly recognized by the exchange, and the scale of single-stage issuance remains stable. Issuing ABS products provides a stable source of funds for the operation of phased consumption assets. In the future, Dazhong will also continue to improve its asset management capabilities, continue to play an innovative spirit in the field of phased consumption, provide diversified high-quality assets for the capital and committed to become a benchmarking institution for such asset securitization.