China Chengtong (00217) subsidiary enters into after-sales leaseback agreement with Hubei Kangxin New Materials Technology

20:20 17/12/2025

China Chengtong Development Group (00217) announced that on December 17, 2025, Chengtong Financial Leasing (an indirectly wholly-owned subsidiary) entered into a sale-leaseback agreement with the lessee (Hubei Kangxin New Material Technology Co., Ltd.), whereby Chengtong Financial Leasing will purchase leased assets from the lessee and then lease back the assets to the lessee. The lease term is for 3 years, but may be terminated early according to the terms and conditions of the sale-leaseback agreement. The leased assets refer to production machinery and equipment.

CHINA CHENGTONG (00217) announced that on December 17, 2025, Chengtong Finance Leasing (an indirectly wholly owned subsidiary) entered into a sale-leaseback agreement with the lessee (Hubei Kangxin New Materials Technology Co., Ltd.). According to this agreement, Chengtong Finance Leasing will purchase lease assets from the lessee and then lease them back to the lessee. The lease term is for 3 years, but may be terminated early based on the terms and conditions of the sale-leaseback agreement. The lease assets refer to production machinery and equipment.

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