XXF Updates Sale-and-Leaseback Disclosure, Confirms Volkswagen AG as Ultimate Lessor Owner

Bulletin Express

Apr 08

XXF Group Holdings Limited issued a supplemental announcement on 8 April 2026, providing additional clarity on its previously disclosed sale-and-leaseback arrangements announced on 30 March 2026.

The company confirmed that the lessor, Volkswagen Finance (China) Co., Ltd., is 100% owned by Volkswagen Financial Services Overseas AG, which in turn is wholly owned by Frankfurt-listed Volkswagen AG (ISIN DE0007664005, WKN 766400, symbol VOW).

XXF stated that no other terms of the original transaction announcement have changed, and all previously released information remains valid. The supplemental disclosure solely addresses the ownership structure of the lessor involved in the sale-and-leaseback agreements.

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