CDB LEASING Enters into Vehicle Financing Agreement

Stock News02-27

CDB LEASING (01606) has announced that the company, acting as the lessor, entered into a financial leasing contract with the lessee, Beijing Shenzhou Automobile Rental Co., Ltd., after trading hours on February 27, 2026. Under the terms of the agreement, (i) the lessor will acquire the leased assets from the lessee for a consideration of approximately RMB 257 million, and (ii) the lessor will lease the assets back to the lessee for a lease term of 60 months. The leased assets consist of a number of vehicles located across various regions in China, which are owned by the lessee under this financial leasing contract. The contract was executed by the company in the ordinary course of its business. Entering into this financial leasing agreement is beneficial for increasing the company's leasing business revenue and aligns with its business development strategy.

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