CHINA CHENGTONG's subsidiary has entered into a sale-leaseback agreement for several photovoltaic power generation equipment, among other items
CHINA CHENGTONG announced that its subsidiary Chengtong Financial Leasing has signed a sale-leaseback agreement with Huadian Datong New Energy Co., Ltd., involving photovoltaic power generation equipment, with a lease term of 1 year and expected revenue of approximately 1.02 million yuan
According to the announcement from CHINA CHENGTONG (00217), on October 16, 2025, Chengtong Financial Leasing (a wholly-owned subsidiary of the company) entered into a sale and leaseback agreement with the lessee, Huadian Datong New Energy Co., Ltd. Under this agreement, Chengtong Financial Leasing will purchase leasing assets from the lessee and lease the assets back to the lessee for a period of 1 year, but may be terminated early in accordance with the terms and conditions of the sale and leaseback agreement.
The leasing assets consist of several photovoltaic power generation equipment, among others.
The sale and leaseback arrangement is made in the ordinary course of business of Chengtong Financial Leasing, and it is expected that Chengtong Financial Leasing will earn approximately RMB 1.02 million in revenue, which is the leasing interest related to the sale and leaseback arrangement
