CDB Leasing (China Development Bank Financial Leasing Co., Ltd.; 01606) signed an Asset Purchase Agreement on 17 April 2026 to buy residential photovoltaic power stations and related equipment in Hunan and Hubei provinces for RMB 650.00 million. The sellers are seven project companies wholly owned by Chint Anneng Digital Power (Zhejiang) Co., itself ultimately controlled by Shanghai-listed Zhejiang Chint Electrics (601877.SH). The purchase price corresponds to the assets’ combined net book value and will be funded through CDB Leasing’s internal resources and/or commercial bank loans. Post-acquisition, the facilities will be placed under operating lease agreements with third-party lessees.

The latest transaction follows a RMB 695.00 million purchase completed on 28 February 2026 for similar residential PV assets in Guangdong, Jiangsu, Zhejiang and Tianjin from 12 project companies also controlled by Chint Anneng’s parent group. Under Hong Kong Listing Rule 14.22, the two transactions are aggregated, bringing the cumulative consideration to approximately RMB 1.35 billion. While each deal individually falls below the 5 % threshold, the combined amount pushes the highest applicable percentage ratio above 5 % but below 25 %, classifying the arrangement as a discloseable transaction. Consequently, CDB Leasing must publish an announcement but is exempt from circular issuance and shareholder approval requirements.

Management stated that expanding into residential photovoltaic operating leases aligns with the company’s strategic focus on energy-sector leasing and is expected to bolster its market presence in China’s distributed solar segment.

Established in 1984 and converted to a joint-stock company in 2015, CDB Leasing provides comprehensive leasing solutions across aviation, shipping, energy, high-end equipment and inclusive finance sectors.