As a vital link between finance and the real economy, and a key driver of industrial upgrading, the financial leasing industry is leveraging its expertise to navigate industry cycles and achieve breakthroughs in key sectors such as high-end equipment manufacturing, technological innovation and green energy. The industry is entering a new stage of development focused on specialization, quality improvement and greater efficiency to inject strong momentum for high-quality economic growth.

JIC Leasing has capitalized on the opportunities of the 15th Five-Year Plan, making targeted investments in aviation, shipping, high-end manufacturing and green energy. Leveraging its unique financing and asset leasing model, the company is bridging finance and industry, while forging a strong path in industry-finance collaboration.

I. Strengthening the Aviation Business and Emerging Industries

The National Civil Aviation Work Conference 2026 reported that China’s total air passenger volume exceeded 500 million in 2025, positioning it as the world’s largest aviation market. During the 14th Five-Year Plan period, China added 671 transport aircraft, expanding its total fleet to 4,574. The country's civil aviation support capabilities have reached new heights, with the industry entering a golden era marked by growth in scale and quality.

As a financial partner supporting China's development into a global transportation powerhouse, JIC Leasing continues to expand its investments in aviation. It has strengthened strategic cooperation with Commercial Aircraft Corporation of China, Ltd. (COMAC) and major domestic and international airlines, while opening cross-border leasing channels to enhance its service capabilities across the entire aviation industry chain. In 2025, JIC Leasing delivered nine aircraft, including C919 –the first delivery of China’s domestically developed narrow body jet designed for the medium-range market and built to international airworthiness standards with independent intellectual property rights. The company also established strategic partnerships with major state-owned carriers such as Air China and Shenzhen Airlines, leveraging financial solutions to advance the market adoption of domestically produced large aircraft and take a key step towards their commercialization.

Amid a new wave of technological and industrial transformation, the low-altitude economy is emerging as a global economic growth engine. Supported by coordinated policies, technological innovation and market demand, China’s low-altitude economy is shifting from“scale expansion”to“quality enhancement”. JIC Leasing has expanded into electric vertical takeoff and landing (eVTOL) aircraft leasing. In 2025, the company implemented projects across multiple regions, including Shanghai and Jiangsu, supporting the development of sectors such as transportation and cultural tourism. Notably, the EHang EH216-S eVTOL aircraft became the world’s first eVTOL to receive airworthiness certification and was designated as China's first set of major technical equipment. With zero emissions and low noise, it plays a pivotal role in reducing carbon emissions from conventional aviation fuel and advancing the green transformation of the transportation sector.

Looking ahead to 2026, JIC Leasing will further strengthen its aviation strategy through increased investment and more concrete initiatives. The company will continue to increase support for the aviation industry and domestically manufactured large aircraft, deepen strategic collaborations with aircraft manufacturers such as COMAC to provide customized financial services for aircraft manufacturers and airlines. It will also enhance service capabilities across the entire industry chain and contribute to the improvement of China’s aviation industry ecosystem. Furthermore, the company will continue exploring opportunities in the low-altitude economy, closely monitoring policy developments such as low-altitude flight management reform and airspace resource optimization, while expanding the diverse applications of drones in logistics, low-altitude tourism, and other sectors. Through these efforts, the company aims to inject stronger financial momentum into the high-quality development of the aviation industry.

II. Supporting China's Strategy to Become a Maritime Powerhouse and Promoting the Blue Economy

As a key financial support sector for the shipbuilding industry, ship leasing has driven the upgrading of China's marine equipment and facilitated its global expansion over the past decade, becoming an indispensable engine of growth in the shipping market. With seven years of dedicated experience in the ship leasing industry, JIC Leasing continues to enhance its service capabilities across the entire shipping industry chain, providing stable financial backing for the high-quality development of the marine economy.

In 2025, the company completed its first ship leasing transaction settled in cross-border RMB and successfully delivered its first newly built vessel. It has expanded its presence across Belt and Road countries, while meeting the diverse needs of domestic shipping enterprises. This includes offering a broader range of ship leasing services, such as the execution of its first financial leasing project for a multi-purpose heavy-lift vessel, thereby supporting the development of international logistics and heavy equipment transportation under the Belt and Road Initiative.

Focusing on the green transformation of the shipping industry, JIC Leasing has aligned with the International Maritime Organization (IMO) net-zero framework and China’s green shipping policies. The company has invested in eco-friendly modern ships powered by advanced engines and next-generation vessels equipped with direct current electric propulsion systems, using financial leasing to promote the realization of China's“dual carbon”goals in the shipping industry. In 2025, JIC Leasing took delivery of two newly built Ultramax bulk carriers that align with global decarbonization trends in shipping, as well as meet Phase III Energy Efficiency Design Index (EEDI) requirements and Tier III emission standards. Compared with similar vessels, these ships are more energy-efficient and environmentally friendly, playing a key role in promoting the green transformation of China’s high-end shipbuilding industry and enhancing the operational capacity of shipping enterprises.

In 2026, JIC Leasing will further strengthen strategic collaborations with domestic high-end shipbuilding enterprises, provide customized financial services, and continue expanding its vessel portfolio. While consolidating its strengths in mainstream vessel types such as bulk carriers, container ships and chemical tankers, the company will also explore niche segments to meet diverse needs in offshore engineering and cross-border trade. In addition, JIC Leasing will enhance its asset management capabilities by establishing a digital lifecycle management system for ship assets, supporting shipping companies in reducing operating costs and improving asset turnover efficiency, contributing to the development of a modern marine industry system in China. The company will also expand partnerships with shipping companies in countries under the Belt and Road Initiative, promote innovation in cross-border RMB financial leasing, and help build efficient and seamless international logistics corridors.

III. Supporting China's Strategy to Become a Manufacturing Powerhouse and Driving Smart Industrial Transformation and Innovation

As the backbone of the real economy, the manufacturing sector requires long-term and stable financial support to drive the growth of emerging industries and the upgrading of traditional sectors. Financial leasing has become a key instrument in helping manufacturers overcome challenges in equipment modernization.

JIC Leasing has been deeply engaged in the advanced manufacturing sector as part of its commitment to support China's development as a manufacturing powerhouse. The company continues to expand in areas such as construction machinery, precision instruments, semiconductor equipment, CNC machine tools and other computing technologies. In 2025, the company achieved multiple breakthroughs in industrial equipment leasing, including deepening collaboration with leading domestic forklift and mining truck manufacturers to launch leasing solutions for electric forklifts and electric mining trucks, supporting the green and smart transformation of the construction machinery industry. It also partnered with high-tech enterprises to facilitate the adoption of advanced CNC machining centers, accelerating the growth of smart manufacturing. In addition, the company provided operating leases for high-end IT equipment to high-tech enterprises, supporting business expansion and scaling. It also worked with electronic testing instrument providers to offer leasing solutions for a wide range of high-end testing equipment, supporting leading semiconductor companies and promoting self-reliance and high-quality development across the industry chain.

JIC Leasing will continue to deepen its presence in the industrial equipment sector, providing more targeted and professional services while proactively fulfilling its strategic role in driving high-quality manufacturing development. The company will ensure efficient allocation of financial resources to strategic priority areas, seize market opportunities, and engage closely with leading equipment manufacturers to support companies in upgrading toward higher-end, intelligent and green solutions. By responding to demand for China-made equipment, JIC Leasing seeks to promote the market adoption of domestically produced machinery, injecting stronger financial momentum into the development of a high-quality and globally competitive manufacturing powerhouse.

IV. Supporting China's Strategy to Become an Energy Powerhouse and Building a Foundation in New Energy

Green development is not only an inevitable trend in the energy sector, but also a strategic priority for long-term energy security. JIC Leasing has incorporated green development principles into its corporate strategy, supporting low-carbon and circular economy initiatives across sectors such as wind power, photovoltaics, hydrogen energy, energy storage, charging and battery swapping infrastructure. The company continues to explore the deep integration of financial and technological innovation with industrial upgrading, enhancing its service capabilities in the green industry. JIC Leasing has backed green energy projects in various regions, including Jiangsu, Zhejiang, Guangdong, Shanxi, Hunan, Hubei, Shandong, Xinjiang, Inner Mongolia, Hainan, Shanghai, Anhui, and Zhejiang. By the end of 2025, JIC Leasing had cumulatively supported 3.3 GW of installed solar capacity and 220 MW of installed wind power capacity, turning its green development vision into tangible outcomes and contributing to the development of new energy systems.

Looking ahead to 2026, JIC Leasing will focus on advancing green finance and strengthen its engagement in the green energy sector, leveraging precise strategies and professional services to support the achievement of China’s“dual carbon”goals. The company will accelerate the expansion of wind, photovoltaic and power plant projects, strengthen strategic cooperation with leading enterprises, refine specialized services in niche areas, and improve leasing products and services to comprehensively support the development of new energy systems. Moreover, JIC Leasing will further enhance its operational capabilities, focusing on the full lifecycle management of green energy assets and leveraging industry expertise to provide stable financial momentum for the sustainable operation of projects and demonstrate the value of financial leasing in boosting the green industry.