China Nuclear Energy Technology (611) Announces Finance Lease Deal with China Merchants Financial Leasing

Bulletin Express
10/23

China Nuclear Energy Technology Corporation Limited (Stock Code: 611) entered into a finance lease agreement on 23 October 2025 with China Merchants Financial Leasing Co., Ltd. Under the deal, RMB80,162,641.40 worth of distributed photovoltaic power generation equipment will be purchased from a wholly owned subsidiary of China Nuclear Energy Technology, then leased back to it for 180 months. The total lease payment is approximately RMB97,277,365.38.

Ownership of the equipment will transfer to the lessor when the agreed purchase price is paid, and the equipment will then be leased back to the subsidiary, with the option to buy it at the end of the lease term for RMB100. According to the company, the transaction qualifies as a discloseable one under Chapter 14 of the Listing Rules, as certain percentage ratios exceed 5% but are below 25%. Under IFRS 16, the arrangement will be treated as a financing transaction with no corresponding disposal gain or loss recognized.

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