Qingling Motors (01122) signed a equipment leasing contract with Isuzu Engines.

date
20:48 19/12/2025
avatar
GMT Eight
Qingling Motors Co., Ltd. (01122) announced that on December 19, 2025, the company entered into an equipment lease agreement with Isuzu Engines for the lease of Isuzu Engines to the company.
Qingling Motors (01122) announced that on December 19, 2025, the company entered into an equipment leasing agreement with Isuzu Engines regarding the leasing of equipment to Isuzu Engines. The monthly rent for the leased equipment is RMB 797,500 (equivalent to RMB 9,569,800 per year) (excluding VAT), which shall be settled monthly. Isuzu Engines shall pay the rent for the previous month to the company by the last day of each month. Entering into the equipment leasing agreement will benefit the company's operations. Isuzu Engines was established to manufacture engines, so the company needs to allow Isuzu Engines to use the leased equipment in their daily engine production business to produce and test the company's products. This not only benefits the company's business, but also fully utilizes the company's resources and allows for centralized management of the company.