CONCORD NE (00182) subsidiary signs a financing lease arrangement for several CECEP Solar Energy generation equipment.

CONCORD NE (00182) announces that on March 6, 2025, it has entered into a financing lease arrangement agreement with Zhaoshang Leasing for its subsidiary company GaoYou Aggregation. As per the agreement, Zhaoshang Leasing will purchase equipment from GaoYou Aggregation for a total of 277 million RMB, and then lease the equipment back to GaoYou Aggregation. GaoYou Aggregation will be required to make quarterly lease payments. The equipment refers to several CECEP Solar Energy generation equipment (including components, booster stations, cables, and other CECEP Solar Energy equipment) used for power plants.