XXF Subsidiary Enters into Sale-Leaseback Agreements for Certain Vehicles

Stock News
03/30

XXF Group has announced that on March 30, 2026, XXF Group, an indirectly wholly-owned subsidiary of the company, and/or certain of its subsidiaries, collectively referred to as the lessee, entered into sale-leaseback agreements with the lessor, Volkswagen Financial Services (China) Co., Ltd. Under these agreements, the lessee agreed to transfer the leased assets to the lessor for a total consideration of approximately RMB 5.298 million. The lessee also agreed to lease back the assets for a period of 48 months, with total rental payments amounting to approximately RMB 5.799 million. The leased assets refer to certain vehicles owned by XXF Group and/or its subsidiaries, as detailed in the sale-leaseback agreements.

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