CDB LEASING (01606) has entered into a financing lease asset transfer agreement for photovoltaic power station equipment and facilities assets.

CDB LEASING (01606) announces that the company, as the asset transferee, has entered into an asset transfer agreement with (i) the asset transferor Power Construction Corporation of China, Ltd (POWERCHINA Group Leasing Co., Ltd); (ii) the lessee Ningxia Daxin New Energy Co., Ltd; and (iii) Shanghai Electric Power on December 10, 2025. As per the agreement, the asset transferor agrees to transfer the ownership of leased assets, receivables from lease payments, all security interests, and all related obligations under the financing lease contract to the company. The company agrees to acquire these assets and related rights and obligations, and to pay a transfer price of 1 billion RMB to the asset transferor and Shanghai Electric Power. The assets being transferred include the ownership of leased assets, receivables from lease payments, all security interests, and all related obligations under the financing lease contract. The leased assets consist of photovoltaic power station equipment and facilities located in Wuzhong City, Ningxia Hui Autonomous Region, China. The total value of the transfer is approximately 1 billion RMB, determined based on the actual construction costs and internal evaluation process of the company. The asset transfer agreement was entered into by the company in the normal course of business operations. This agreement is beneficial for increasing the company's income from financing lease business and aligns with the company's business development strategy.