A subsidiary of China Chengtong Development Group (00217) signed a sale-leaseback agreement with Zhuji Transportation and Logistics

According to Zhitong Finance App News, China Chengtong Development Group (00217) issued an announcement. On December 22, 2025, Chengtong Financial Leasing Co., Ltd. (Chengtong Financial Leasing, an indirect wholly-owned subsidiary of the company) and the lessee Zhuji Transportation and Logistics Co., Ltd. entered into an after-sales leaseback agreement. According to this, Chengtong Financial Leasing will purchase leased assets from the lessee and lease back to the lessee for a period of 3 years. However, it can be terminated early in accordance with the terms and conditions of the after-sales leaseback agreement.

The purchase price of the leased assets was agreed between Chengtong Financial Leasing and the lessee after the assessed value of the leased assets assessed using market law on November 15, 2025, about RMB 347 million (equivalent to approximately HK$379 million) by reference valuers. The total amount of lease payments during the lease period is estimated to be approximately RMB 319 million (equivalent to approximately HK$348 million). The lessee is required to make quarterly payments to Chengtong Financial Leasing in 12 installments during the lease period. The total lease payment is the sum of the principal amount of the lease (i.e. the purchase price to be paid by Chengtong Financial Leasing) and the lease interest. The estimated lease interest is approximately RMB 19.08 million (equivalent to approximately HK$20.8 million).

The leased assets include intelligent customs clearance facilities and customs inspection and quarantine equipment.