China Chengtong Development Group (00217.HK) subsidiary enters into a sale-leaseback agreement with Hubei Kangxin New Materials Technology.

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