As the COVID-19 epidemic spreads, JIC Leasing is paying active attention to the production and operation of lessees, becoming acquainted with customer needs, and taking a series of measures in active support of anti-epidemic work and helping enterprises overcome difficulties.

Supporting Epidemic Prevention and Control with Financial Services

Since the outbreak of COVID-19, JIC Leasing has made adjustments to reasonably prolong repayment periods and reduce penalty interests for clients where the epidemic has caused payment to be overdue. JIC Leasing accelerated its business progress through approaches such as remote due diligence and video signing, and lowered its benchmark spreads in February's business pricing guidance. To support the anti-epidemic work in Hubei, JIC Leasing has further lowered the pricing of projects in this region to meet the funding need of clients.

Supporting Anti-epidemic Work of First-line Medical Institutions

JIC Leasing has explored and developed the medical and healthcare market for several years. Since the outbreak of the epidemic, JIC Leasing has actively communicated with its clients to understand their individual financial needs. Nine hospitals affiliated to a hospital group in Huainan, as the designated hospital for treating COVID-19, carried out one-third of the anti-epidemic treatment in the city. The medical staff of the group not only took on the epidemic prevention and control of various transportation hubs and community sites in Huainan, but also sent five successive groups of medical staff to assist the anti-epidemic work in Wuhan. The expert groups formed by those medical staff were responsible for the diagnosis, treatment and nursing in Wuhan Taikang Hospital and the field hospital established in the Wuhan Sports Stadium. During the epidemic prevention and control, the hospital group experienced a serious shortage of protective materials. JIC Leasing established immediate communication with the hospital to overcome the difficulties caused by telecommuting, and completed the project's remote online signing and preparation work for making loans within two weeks to provide financing services for the hospital group to fight against the epidemic and rescue patients.

Supporting Production and Supply of Anti-epidemic Materials

Materials are important in epidemic prevention and control. At present, the supply of various types of materials for epidemic prevention, such as masks, protective clothing and gloves, are in short supply. As soon as the outbreak occurred, JIC Leasing took the initiative to contact those clients who were in urgent need of epidemic prevention materials to understand the difficulties such enterprises faced with in terms of rent repayment and financial needs so as to ensure the production and supply during the outbreak. JIC Leasing gave strong support to the production and operation of corporate clients engaged in epidemic prevention, the production change and expansion of clients who produce medical gloves and the raw material for making medical non-woven fabrics, i.e. dystectic fibrillated polypropylene, and the smooth work resumption of lessees who provide precision parts for the R&D of automatic mask machines. In addition, for lessees who produce peroxyacetic acid and ethanol disinfectant (75% alcohol) and face short-term cash flow problems, JIC Leasing has taken measures to support them by prolonging the grace period for rent payment and waiving penalty interests for postponed payment.

Promoting Digital Management and Operations in Wuhan

Since the outbreak of the epidemic, the need to become more digital, network-based and smart has been prominent in various fields. In particular, due to the extremely strict anti-epidemic measures taken in Wuhan, production and people's daily life in this city has been significantly suppressed in the short term which has given Wuhan the urgent need to digitalize. Recently, JIC Leasing made a financial leasing payment to a service provider in the IDC industry in Hubei to support its construction of an Internet data center. Once completed, this data center will serve the non-aggregated, non-contact online office and intelligent management in Wuhan and help with the local digital operation and management. This plays an important role in promoting the safe, stable and orderly work resumption in Wuhan in the near future.

The epidemic may be ruthless, but we humans are sympathetic and caring. Only through concerted efforts and with a firm faith can we together overcome difficulties. JIC Leasing will weather the hard times with enterprises and support their anti-epidemic work and work resumption by continuously optimizing our services and giving full play to our advantages in financial empowerment.