CHINA CHENGTONG (00217) subsidiary entered into a post-sale leaseback master agreement with China Kangfu International Leasing.

CHINA CHENGTONG (00217) announced that on December 20, 2024, Chengtong Finance Leasing (an indirect wholly-owned subsidiary) entered into a sales and leaseback master agreement with the lessee (China Kangfu International Leasing Co., Ltd.). According to the sales and leaseback master agreement, Chengtong Finance Leasing has agreed to provide sales and leaseback services to the lessee, subject to necessary shareholder approval and limitations set forth in the agreement on the maximum financing amount and other terms. The lessee may apply to Chengtong Finance Leasing for sales and leaseback services within a specific period (availability period) as outlined in the sales and leaseback master agreement. Chengtong Finance Leasing and the lessee will negotiate specific terms and conditions for individual sales and leaseback arrangements within the scope of the master agreement (including but not limited to leased assets, individual financing amounts, lease term, lease payment amount, and payment schedule) and enter into corresponding individual sales and leaseback agreements.