A subsidiary of China Chengtong Development Group (00217) entered into a sale-leaseback agreement on certain thermal power generation equipment

According to Zhitong Finance App News, China Chengtong Development Group (00217) issued an announcement. On December 22, 2025, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the company) and the lessee Datang Huayin Youxian Energy Co., Ltd. entered into a sale-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 2 years, but can be terminated early in accordance with the terms and conditions of the sale-leaseback agreement.

According to reports, the leased assets are a number of thermal power generation equipment.

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 3.82 million (equivalent to approximately HK$4.16 million), that is, the sum of the service fees and lease interest that Chengtong Financial Leasing will collect under the sale-leaseback arrangement.