CDB LEASING (01606) has announced that the company, acting as the lessor, entered into a financing lease arrangement with the lessor, Yutian County Nantai Wind Power Generation Co., Ltd., and the seller, Tangshan Haitian Power Engineering Co., Ltd., on February 25, 2026 (after trading hours). Under this arrangement, the company, as the buyer, signed a transfer contract with the lessee and the seller, agreeing to acquire the subject assets from the seller for a consideration of RMB 1.75 billion. Additionally, the company, as the lessor, entered into a financing lease contract with the lessee, agreeing to lease the subject assets back to the lessee for a lease term of 216 months.
The subject assets consist of wind power station equipment and ancillary facilities located in Hebei Province, China, owned by the lessee. According to the financing lease contract, the lessor will lease the assets to the lessee, with rental payments denominated in RMB and inclusive of value-added tax. The rental payments comprise a lease principal and lease interest. The lease principal is consistent with the transfer price, totaling RMB 1.75 billion, while the total lease interest over the lease period amounts to approximately RMB 630 million. Both the lease principal and interest will be paid by the lessee to the lessor in quarterly installments throughout the lease term.
The financing lease arrangement was established by the company in the ordinary course of its business. Entering into this agreement is expected to enhance the company's financing lease business revenue and aligns with its business development strategy. The directors consider the terms of the transfer contract and financing lease contract to be fair and reasonable, serving the overall interests of the company and its shareholders.
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