A subsidiary of China Chengtong Development Group (00217) entered into a leased asset transfer agreement with the transferor and lessee

According to Zhitong Finance App, China Chengtong Development Group (00217) issued an announcement. On December 29, 2025, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the Company) entered into a lease asset transfer agreement with the transferor and lessee. The transferor agreed to transfer the assets to Chengtong Financial Leasing. The expected cost is approximately RMB 238 million (equivalent to approximately HK$259 million), depending on the actual transfer date. From the date of transfer, Chengtong Financial Leasing will be entitled to collect directly from the lessee all rent and other outstanding and payable amounts under the lease contract.

The Group is mainly engaged in leasing, property development and investment, marine tourism services and hotels. The Group's leasing business is mainly carried out through Chengtong Financial Leasing (as its main business). The transfer is made in the general and daily business process of Chengtong Financial Leasing. It is expected that Chengtong Financial Leasing will earn revenue of approximately RMB 53.66 million (equivalent to approximately HK$58.49 million), that is, the sum of the purchase price of the leased assets and the outstanding rent amount due by the lessee at the end of the lease period (assuming that the actual transfer date is December 29, 2025).