China Development Bank Financial Leasing (Stock Code: 1606) Announces RMB1.75 Billion Finance Lease Deal

Bulletin Express02-25

China Development Bank Financial Leasing Co., Ltd. (Stock Code: 1606) signed a finance lease arrangement on February 25, 2026, involving Yutian County Nantai Wind Power Generation Co., Ltd. as Lessee and Tangshan Haitai Power Engineering Co., Ltd. as Vendor. Under the arrangement, China Development Bank Financial Leasing Co., Ltd. agreed to purchase certain wind power station equipment and ancillary facility assets in Hebei Province at RMB1.75 billion. The net book value of these assets aligns with the purchase price.

Upon acquiring the assets, China Development Bank Financial Leasing Co., Ltd. will lease them back to Yutian County Nantai Wind Power Generation Co., Ltd. for 216 months. The total lease interest over the agreement is approximately RMB630.00 million. Payment of both lease principal and interest is structured in quarterly installments throughout the lease term.

According to the announcement, Tangshan Haitai New Energy Technology Co., Ltd. will provide a joint and several liability guarantee for the Lessee. The transaction meets the criteria for a discloseable transaction under Chapter 14 of the Listing Rules, triggered by an applicable percentage ratio of over 5% but below 25%. While it is subject to reporting and announcement requirements, it is exempt from circular and shareholders’ approval procedures. The agreement is part of the company’s regular business operations and aligns with its strategic goals to expand revenue from finance leases.

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