CDB Leasing Inks RMB1.47 Billion Finance Lease for Heilongjiang Wind Power Assets

Bulletin Express06-02

On 2 June 2026, China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) signed a finance-lease package with Anda Tianying New Energy Co., Ltd. and Zhejiang Windey Energy Construction Co., Ltd. covering wind-power equipment and ancillary facilities in Heilongjiang Province, China.

Under a Transfer Agreement, CDB Leasing will acquire the wind-farm assets from Zhejiang Windey for RMB1.47 billion. Immediately thereafter, the assets will be leased back to the project company, Anda Tianying New Energy, through a 216-month Finance Lease Agreement.

Key commercial terms • Lease principal: RMB1.47 billion, mirroring the purchase price. • Lease interest: approximately RMB0.58 billion over the 18-year term. • Rental schedule: semi-annual instalments. • Purchase option: the lessee may buy back the assets for a nominal RMB100 at lease expiry. • Guarantee: China Tianying Inc. will provide a joint-and-several liability guarantee for the lessee.

Regulatory classification The deal’s highest applicable percentage ratio exceeds 5% but is below 25% under Chapter 14 of Hong Kong’s Listing Rules, rendering it a discloseable transaction. Consequently, CDB Leasing must report and announce the transaction but is exempt from circular and shareholder-approval requirements.

Strategic rationale Management states that the arrangement, executed in the ordinary course of business, will expand lease-related revenue and aligns with CDB Leasing’s focus on energy-sector financing.

Counterparties • Lessee: Anda Tianying New Energy, engaged in wind power generation and ultimately owned by Shenzhen-listed China Tianying Inc. • Vendor: Zhejiang Windey Energy Construction, a state-owned enterprise under Windey Energy Technology Group Co., Ltd., listed in Shenzhen.

Both counterparties and their ultimate owners are independent third parties to CDB Leasing.

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