CHINA CHENGTONG(00217) enters into a sale-leaseback agreement for several photovoltaic power generation equipment.

date
21:55 02/07/2026
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GMT Eight
China Chengtong Development Group (00217) announced that on July 2, 2026, Chengtong Finance Leasing (an indirectly wholly-owned subsidiary of the company) entered into a sale and leaseback agreement with the lessee. Chengtong Finance Leasing will purchase leased assets (various photovoltaic power generation equipment) from the lessee and then lease back the assets to the lessee. The lease term is for 2 years, but may be terminated early in accordance with the terms and conditions of the sale and leaseback agreement.
CHINA CHENGTONG (00217) announced that on July 2, 2026, Chengtong Finance Lease (a wholly-owned subsidiary of the company) entered into a sale and leaseback agreement with the lessee. Chengtong Finance Lease will purchase leased assets (a number of photovoltaic power generation equipment) from the lessee and lease the assets back to the lessee for a period of 2 years, with the option to terminate early as per the terms and conditions of the sale and leaseback agreement. As of the date of this announcement, the group is mainly engaged in leasing, property development and investment, maritime tourism services, and hotel business. The group's leasing business is primarily conducted through Chengtong Finance Lease (as its main business). The sale and leaseback arrangement is part of the normal and routine business operations of Chengtong Finance Lease, and it is expected that Chengtong Finance Lease will earn income of approximately RMB 1.8 million (equivalent to approximately HKD 2.07 million) from the leasing interest related to the sale and leaseback arrangement.