CHINA CHENGTONG's subsidiary has entered into a lease asset transfer agreement for several solar power generation equipment, among other items
CHINA CHENGTONG announced that its subsidiary Chengtong Financial Leasing has signed a leasing asset transfer agreement with Shudao Financial Leasing (Shenzhen) Co., Ltd., involving assets such as solar power generation equipment. The leasing period is 2 years, with expected revenue of approximately 14.35 million yuan
According to the announcement from CHINA CHENGTONG (00217), on July 3, 2025, Chengtong Financial Leasing (a wholly-owned subsidiary of the company) entered into a lease asset transfer agreement with the lessee (Shudao Financial Leasing (Shenzhen) Co., Ltd.). According to the lease asset transfer agreement, Chengtong Financial Leasing will purchase the lease assets from the lessee and lease the assets back to the lessee for a period of 2 years, but may terminate early according to the terms and conditions of the lease asset transfer agreement.
The lease assets include several solar power generation equipment, projection equipment, medical equipment, dock equipment, and charging piles.
The lease asset transfer arrangement was made in the course of Chengtong Financial Leasing's general and daily business operations, and it is expected that Chengtong Financial Leasing will earn approximately RMB 14.35 million (equivalent to about HKD 15.79 million) in revenue, which is the lease interest to be received by Chengtong Financial Leasing under the lease asset transfer arrangement
