XXF (02473) signed a sale-leaseback contract with Guangdong Yuecai Financial Leasing Co., Ltd. for several cars as an affiliated entity.

18:56 13/05/2026

Xifengfeng Group (02473) announced that on May 13, 2026 (after trading hours), Xifengfeng Group (the Company's indirectly wholly-owned subsidiary) and its several subsidiary companies (referred to as the lessee) entered into a sale and leaseback agreement with lessor Guangdong Yuecai Financial Leasing Co., Ltd., under which (1) the lessee agreed to transfer leased assets (certain cars owned by Xifengfeng Group and its several subsidiary companies as detailed in the sale and leaseback agreement) to the lessor for a total consideration of approximately RMB 4.6337 million, and (2) the lessee agreed to lease back the leased assets from the lessor for a lease term of 48 months, with a total rent of approximately RMB 5.0964 million.

XXF (02473) issued a announcement on May 13, 2026 (after trading hours) that XXF (the Company's indirect wholly-owned subsidiary) and several of its subsidiaries (collectively referred to as the lessees) entered into a sale and leaseback agreement with the lessor, Guangdong Yue Cai Financial Leasing Co., Ltd., in accordance with which, (1) the lessees agreed to transfer the leased assets (several cars owned by XXF and its subsidiaries under the sale and leaseback agreement) to the lessor for a total consideration of approximately RMB 4.6337 million, and (2) the lessees agreed to lease back the leased assets from the lessor for a term of 48 months, for a total rent of approximately RMB 5.0964 million. By entering into this sale and leaseback agreement, the Group can diversify its financing channels, optimize its capital structure, and supplement the funds required for its operations, thereby enabling the Group to seize business development and expansion opportunities.

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