友联国际教育租赁2025/26年度报告

1563 2 3 4 21 25 42 61 66 68 71 144 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 1563 1262602 www.aiel-holdings.com 31117 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 1617 70% 140.23.7%10.3% 70% 61.3 2024–2035104%182160.8%70% 445038 33,80934,95839,09338,93015,8009,800 593.0 4.589.6%7,02033115%30%12% 160.6 (i)(ii)734.82.6%753.6 423.4458.6(i)(ii) 295.039.1%311.35.2% (i)(ii)(iii)(iv)77.911.3 116.5102.8 19.435.1%12.6 63.12.8%61.3(i)18.9(ii)35.2(iii)13.6(iv)66.5(v)41.5 332.060.9458.2417.32,939.42,897.9 67.388.863.026.94.361.9 2.2%3.0% (i)(ii)(iii)(i)1,769.11,763.1(ii)201.3246.2(iii)222.2220.41,296.43.8%1,345.50.8% 1,345.5607.0738.51,296.4614.9681.5 5.2%8.5%5.2%8.0%31139 21181,345.51,296.42119.4275.510.8309.420.0%64.2%22.9%69.2% 61.4%55.6%14.0%22.3%22.4%20.0%2.2%2.1% 95.9%94.7% 18(i) 220.40.8%222.2 9— (a)(b) 12 = 1/1+t-1t 1.30—2.3090—3.90— 270.4299.333.0145.543.4152.38%15%5.5%24%53.8 64.3%21.2%14.5%50.9%18.0%16.6%14.5% 90 999 9 = (i)(EAD)(ii)(PD)100%90(iii)(LGD)1(iv)(FLF)M2104% 9 (a)9 (b)(LGD) (c)(FLF)M29 (d) (a) (b) (c)(d)(e)(f) 2,4642,206271.3262.4 28 5% — — — •90•90150•150210•210270•270 — Union Fund I GP LimitedUnion Shipping Fund I— SPV2LimitedSPV2(1)SPV2FondMarine Pte.Ltd.FondMarineSPV2(2)SPV2 14.0725%75%1414 6165(i)(ii) 88,238,000 (1)(2)(i)(ii)(3) (1)(2) 57 20 43 10 43 182022 44 71 30 55 20 52 3557114 (i)(ii)(iii)(iv)XV 13.51(2) C1(i)(ii)(iii)(iv)(v)C.2.1 •—•—•—•— () 2124 C.2.1 C.2.1 3.10(1)(2)3.10A3.13 C.5.1 3.13 •••••17• C3 5.614(a) 1,000,0001,000,0011,500,00014(b) 1. 2. (i)(ii) 3. i)ii)iii)iv)v) — 4. i)ii) iii)C A. ——————— C. ——— D. ——— F. 5. ESGESG (i)(ii)(iii)(iv)(v)(vi) i) ii)13.51(2)3.13iii)iv)v) i)ii) iii) —— 201 2,4641,57164% (a)(b)(c)(d)(e)(f)(g)(h) 15 (i)(ii)(iii)(iv)(http://www.aiel-holdings.com) 2120 5810% 1262602IR@aiel-holdings.com 21 14101262602IR@aiel-holdings.com 1262602IR@aiel-holdings.com 1617is-enquiries@vistra.com(852) 2980 1333(852) 2810 8185 (i)A13(ii) 35 144 13.3%15.2%4.2%4.4% —5% 35 15 28 30 37 1,803.61,803.6 () 84(1)84(2) 3.13 2124 14 — Union Capital Pte. Ltd. (a) (b)(c) 571XVXV78352 (1)L (2)RongJin Enterprise Management & Consulting Co., Ltd.RongJin0.21%RongJinRongJin XV352XV78 XV23336 (1)L (2)Union CapitalUnion Capital(3)(4)PAPA40.96%55.6%99.9%PA XV23336 51%49%14A.21 (i)83.3%16.7%(ii)63.7%(iii)70.0%30.0% 14A • • •••••••• (i)(ii)(a)(b)70.0% 14A(i)14A.52(ii)14A.53 70.0% (i)(ii) 0.11.4 (a)(b) 20.497.9 I I I 282.5634.3443.9 2,1352,4382,650 (1)(2) (1)(2)(3) 93.7848.6 14A.5614A.56 14A.55(i)70.0%(ii)(iii) 14AGL73–14 3314A 14A.56 (i) (ii) (iii) (iv) (v) 33 (i)14A (ii)14A (iii)14A.95 10 10150,000,000 121% 101.00 (i)(ii)(5)(iii) 150,000,000150,000,00010%8.87% 4855% 13.32B — 420 2541 66143 2288,238,000 879041832 • 1,345,541,0009222,211,000 • • • • • • P06623 (i) (ii) (iii)10%50% 1. 50,000Union Capital Pte. Ltd.Union CapitalUnion Capital1563 35 2. 21 21 182192971971—11110283212 123 2. 18 18118733 18 1818 3. 3. ••• 3. ••• 3. 3. 1612 ••••• 3. : •• •••• 99 3. •• 1515 3. 9 — 15—9 3. 3. 12 3. 3. 3. 15 3. (a)(b) 7 3. (a) (b) 32 (a) (b)(c) 3. 9 9 121212 12 3. 9 •••••• 30 iii)iii 3. 9 •• 90 ••••• 3. 9 16 12 3. 3. ——— 4. 3 4. 935,564,000405,383,0004,521,000981,337,000421,380,00012,963,000 4. 14,213,00014,213,00017 1,345,541,0001,296,439,000222,211,000220,440,000 83,793,000240,510,000271,466,000223,587,000 54,785,00057,896,00023,817,0003,111,00048,629,00019,844,000 4. 13317,782,000363,140,000 32 5. 8 1.— 2.— 5. 3 5. • 5. 10% 6. 6. (a) (b) 7. 8. 11. (a) 25% 4 10% (b) 16.5% (c) (d) 12. 13. 14. (a) 14. (i)(ii)(iii)(iv)(v)(vi) 14. (a) (b) 204051535382224 16. 50 (i) 3,617,000997,0005,224,000 16. (iv) 16,285,00010,444,000 17. (a) 11.53%14.58%3.00%3.00% (b) 17. (c) 18. 18. (i) 31139 (ii) 18. 18. (iii) 12 90 18. (iv) (vi) (i) (ii)8%15%5.5%24%53,800,000 9 19. 44,687,00067,826,00044,687,00067,826,000272,304,000299,370,000206,003,000155,375,0001234,353,00088,238,000 20. 20. 581,269,000542,404,000 21. 22. 32 88,238,000 * 23. 24. 1.75%2.65%2.65% 25. 26. 27. 28. i. 7,623,0004.59% ii. (a)59,680,00061,912,0002.90%2.90% (b)26,918,0003.05% 28. iii. 29. 30. 31. 28 32. 32. 5%5%5%5%5%5%5%5%5%5% 5% 182428 32. 5050 32. ••••••• 32. •••• 30 30 32. 121212 312 32. 18 (a) (b) 9 32. 100% • ••• 32. 32. 32. 32. 33. (i)Union Capital (ii)(iii) 33. (i)(ii)(iii)(iv)(v)4.65%4.65%(vi)(vii)14A14A 33. 5,300,00023,578,00027,540,0005,300,0005,300,000 34. 5% 42,425,00041,131,000 35. 35.1 (i) (ii) (iii) (iv) 35. 35.2 36. 3,617,000997,000 37. 38. Union