Subsidiary of Concord NE Enters into Financing Lease Agreement for Power Station Supporting Facilities and Equipment

Stock News
05/29

On May 29, 2026, the lessee, Fengning Manchu Autonomous County Juting New Energy Development Co., Ltd., a wholly-owned subsidiary of Concord NE, and Industrial Bank Financial Leasing Co., Ltd. agreed to a financing lease arrangement. Under this agreement, Industrial Bank Financial Leasing will purchase the lease assets from the lessee for a consideration of RMB 840 million and lease the assets back to the lessee. In return, the lessee is required to make lease payments. The lease assets refer to supporting facilities and equipment. The supporting facilities pertain to certain supporting installations of the power station. The equipment includes specific photovoltaic power generation equipment and energy storage devices used for the power station.

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