CHINA CHENGTONG DEVELOPMENT GROUP LIMITED (Stock Code: 217) announced, on 10 February 2026, a major transaction involving the transfer arrangement of certain wind power station equipment and related assets (“Leased Assets”). This arrangement is executed by its indirect wholly owned subsidiary, Chengtong Financial Leasing, in collaboration with China KangFu International Leasing Co., Ltd. (“Lessee”).

According to the company, Chengtong Financial Leasing will purchase the Leased Assets from the Lessee at a purchase price of RMB152 million (approximately HK$170.24 million). The Leased Assets will then be leased back to the Lessee for a term of two years. The total lease payment payable by the Lessee is estimated to be around RMB158.03 million (approximately HK$176.99 million). Upon full settlement of all amounts, the Lessee may repurchase the Leased Assets at a nominal consideration of RMB1.00.

This arrangement is aggregated with previous transactions involving the same Lessee and/or its subsidiary. As the highest applicable percentage ratio for this aggregated transaction exceeds 25% but is less than 100%, the deal is deemed a major transaction under Chapter 14 of the Hong Kong Listing Rules. Approval requirements have been satisfied through written consent from the controlling shareholder, China Chengtong Hong Kong Company Limited, which holds around 53.14% of the issued share capital. Consequently, no general meeting will be convened for this purpose.

The company further noted that a circular outlining details of the arrangement, as well as other information required by the Listing Rules, will be dispatched on or before 6 March 2026. The board views the terms of this transfer arrangement as commercially reasonable and aligned with the interests of the company and its shareholders.