CDB LEASING (01606) has announced the execution of a financial lease arrangement. As the lessor, the company, along with the lessee Altai Shengding Wind Power Co., Ltd. and the seller Tianjin Kanglong Construction Co., Ltd., entered into this arrangement on February 10, 2026. The company, acting as the buyer, also signed a transfer contract with the lessee and the seller, agreeing to purchase the target assets from the seller for a consideration of RMB 1.02 billion. Furthermore, as the lessor, the company signed a financial lease contract with the lessee, agreeing to lease the leased assets, which are the target assets, to the lessee for a lease term of 216 months.
As part of the financial lease arrangement and pursuant to the transfer contract, the buyer agreed to acquire the target assets specified by the lessee, which constitute the leased assets under the financial lease contract. The seller agreed to deliver the target assets to the lessee and transfer ownership of the assets to the buyer. The target assets consist of wind power station equipment and ancillary facilities located in the Xinjiang Uygur Autonomous Region of China, which are owned by the lessee. The net book value of the target assets is approximately RMB 1.02 billion. The seller does not separately account for the pre-tax and post-tax profits of the target assets.
This financial lease arrangement was entered into by the company in the ordinary course of its business. The execution of the arrangement is beneficial for increasing the company's financial leasing business revenue and aligns with its business development strategy.
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