CDB Leasing (Stock Code: 1606) Announces RMB 1.40 Billion Finance Lease Deal

Bulletin Express02-27

China Development Bank Financial Leasing Co., Ltd. (CDB Leasing, Stock Code: 1606) disclosed that it signed a finance lease agreement on 27 February 2026 (after trading hours). Under this agreement, CDB Leasing, as the Lessor, will purchase hydropower station generating equipment located in Xinjiang for RMB 1.40 billion and lease it back to Kashgar Zhaoheng Clean Energy Co., Ltd. (the Lessee) for 300 months.

According to the announcement, the transaction’s total lease interest over the lease period is around RMB 718.00 million. Ownership of these hydropower assets will transfer to CDB Leasing during the lease term, and at maturity, the Lessee may repurchase them for RMB 100. Shenzhen Zhaoheng Industrial Co., Ltd. will provide a joint and several liability guarantee for the Lessee’s debt obligations under the agreement.

Given that the highest applicable percentage ratio of this transaction exceeds 5% but remains below 25%, it constitutes a discloseable transaction under Chapter 14 of the Listing Rules. Reporting and announcement obligations apply, though the deal is exempted from the circular and shareholders’ approval requirements. CDB Leasing stated that the transaction aligns with its business strategy and is expected to generate additional finance lease revenue.

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