China Development Bank Financial Leasing Co., Ltd. (the “Company”) (Stock Code: 1606) disclosed that on 18 November 2025, a wholly-owned subsidiary and a nominee of CDB Aviation Lease Finance DAC (“CDBALF”) entered into an agreement with United Airlines, Inc. to sell one 787-9 aircraft. According to the announcement, the sale could be conducted either through a direct aircraft disposal or by transferring the entire beneficial interest in the trust established over the aircraft.

Within the last twelve months, another 787-9 aircraft was sold to the same purchaser on 11 July 2025. Although the previous transaction did not meet the threshold to trigger different reporting requirements, the aggregate size of both transactions now exceeds 5% but remains below 25%. Consequently, under Chapter 14 of the Listing Rules, the current sale qualifies as a disclosable transaction subject to relevant announcement requirements.

The Stock Exchange of Hong Kong granted a waiver from strict compliance with Rule 14.34 of the Listing Rules if the sale is effected through a trust transfer, based on factors including the Company’s fulfillment of qualifications for a “Qualified Aircraft Lessor” and the economic equivalence of a trust transfer and a direct disposal. The Board of Directors confirmed that this transaction is conducted in the ordinary course of business on normal commercial terms, is fair and reasonable, and benefits the Company and its shareholders as a whole.