A subsidiary of China Chengtong Development Group (00217) signed a sale-leaseback agreement on photovoltaic power generation equipment

Zhitong Finance App News, China Chengtong Development Group (00217) issued an announcement. On November 13, 2026, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the Company) entered into a sale-leaseback agreement with the lessee. According to this, Chengtong Financial Leasing will purchase leased assets from the lessee and lease the lease-back assets to the lessee for a period of five (5) years, but it can be terminated early in accordance with the terms and conditions of the sale-leaseback agreement.

The leased assets are photovoltaic power generation equipment.

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 sale-leaseback arrangement is established in the general and daily business process of Chengtong Financial Leasing, and it is expected that Chengtong Financial Leasing will earn revenue of approximately RMB 44.19 million (equivalent to approximately HK$51.26 million), and rental interest to be collected by Chengtong Financial Leasing in accordance with the after-sales leaseback arrangement.