BAIYING HOLDING's Subsidiary Signs Financial Lease Agreement with Quanzhou Taishang

Stock News03-20

BAIYING HOLDING (08525) announced that on March 20, 2026, the buyer (Xiamen Baiying Financial Leasing Co., Ltd., an indirect wholly-owned subsidiary of the company) entered into a sale and leaseback transaction with Quanzhou Taishang (a state-owned enterprise) under a financial leasing agreement. Pursuant to the agreement, the buyer agreed to purchase the leaseback assets from Quanzhou Taishang for a consideration of RMB 20 million, and will lease these assets back to Quanzhou Taishang for a period of 36 months, receiving lease payments in return. The leaseback assets consist of (i) eight municipal road sweepers; (ii) eight high-pressure cleaning vehicles; (iii) five garbage compression transfer vehicles; (iv) six green sprinkler vehicles; (v) ten small electric patrol vehicles; and (vi) fifteen underground pipeline detection instruments.

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