CDB LEASING (01606) has entered into a financial leasing contract with Shanghai Mingxing Automobile Services.

CDB LEASING (01606) announced that the company, as the lessor, entered into a financing lease contract with lessee Shanghai Mingxing Automobile Service Co., Ltd. on December 15, 2025. The lessor purchased the leased assets from the lessee for a consideration of RMB 182 million, and agreed to lease the leased assets to the lessee for a period of 12 months. The leased assets in this financing lease contract are vehicles owned by the lessee nationwide in China. The aggregate net book value of the leased assets is approximately RMB 212 million. The lessee does not separately account for the pre-tax and after-tax profit of the leased assets. The financing lease contract was entered into by the company in the normal course of business operations. Entering into this financing lease contract benefits the company by increasing its financing lease business income, in line with the company's business development strategy.