Subsidiary of Kong Sun Hold Enters Financial Lease Agreement for Solar Power Equipment

Stock News05-12 19:14

Kong Sun Hold (00295) announced that on May 12, 2026, its indirectly wholly-owned subsidiary, Dingbian Wanheshun, as the lessee, entered into a financial lease agreement with CDB Financial Leasing, as the lessor. Under this agreement, CDB Financial Leasing will purchase the lease assets from Dingbian Wanheshun for a total consideration of RMB 37 million. These assets will subsequently be leased back to Dingbian Wanheshun for a lease term of 15 years. Legal ownership of the lease assets under the financial lease agreement will belong to CDB Financial Leasing during the lease period. At the end of the lease term, and upon Dingbian Wanheshun's payment of (i) all amounts payable under the financial lease agreement and (ii) a nominal consideration of RMB 100 for the lease assets, legal ownership of the assets will transfer to Dingbian Wanheshun. The lease assets consist of certain photovoltaic power generation equipment and supporting facilities from a 30-megawatt solar power plant located in Shaanxi Province, China.

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