XXF (02473) subsidiary entered into several car sale and leaseback contracts.
Xixiangfeng Group (02473) announced that on December 1, 2025, Xixiangfeng Group (an indirectly wholly-owned subsidiary) and/or some of its subsidiaries (collectively as lessees) entered into the aforementioned sale and leaseback agreement with the lessor (Zhejiang Wisdom PwC Financial Leasing Co., Ltd). Under this agreement, the lessees agreed to transfer lease assets to the lessor for a total consideration of approximately RMB 5.8071 million, and the lessees agreed to lease back the lease assets from the lessor for a lease term of 48 months, with a total rent of approximately RMB 6.4418 million. The lease assets refer to several cars owned by Xixiangfeng Group and/or some of its subsidiaries as detailed in the sale and leaseback agreement.
XXF (02473) issued a notice on December 1, 2025, stating that XXF (a indirectly wholly-owned subsidiary) and/or some of its subsidiary companies (jointly as lessees) have entered into a sale and leaseback agreement with the lessor (Zhejiang Zhuhui Puhua Finance Leasing Co., Ltd.). According to this agreement, the lessees agree to transfer the leased assets to the lessor for a total price of approximately RMB 5.8071 million, and the lessees agree to lease back the leased assets from the lessor for a term of 48 months, with a total rent of approximately RMB 6.4418 million. The leased assets refer to certain vehicles owned by XXF and/or some of its subsidiary companies as detailed in the sale and leaseback agreement.
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