XXF Subsidiary Enters into Sale and Leaseback Agreement for Vehicles

Stock News
06/22

An announcement was issued by XXF (02473) regarding a transaction. On June 22, 2026, a wholly-owned indirect subsidiary of the company, acting as the lessee, entered into a sale and leaseback agreement with the lessor, Guangxi Tongsheng Financial Leasing Co., Ltd. Under this agreement, the lessee will transfer the lease assets to the lessor for a total consideration of approximately RMB 4.9808 million. Subsequently, the lessee will lease back the same assets for a period of 24 months, with total lease payments amounting to approximately RMB 5.219 million. The lease assets refer to certain vehicles owned by the subsidiary, as detailed in the sale and leaseback contract.

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