Subsidiary of CHINA CHENGTONG Enters into Lease Asset Transfer Agreement for Wind Power Station Equipment

Stock News
Feb 10

CHINA CHENGTONG (00217) announced that on February 10, 2026, Chengtong Financial Leasing, an indirect wholly-owned subsidiary of the company, entered into a lease asset transfer agreement with a lessee. Under the agreement, Chengtong Financial Leasing will purchase the lease assets from the lessee for RMB 152 million (approximately HKD 170 million) and subsequently lease the assets back to the lessee for a term of two years, subject to early termination based on the terms and conditions of the agreement. The leased assets consist of certain wind power station equipment.

The total lease payments over the lease term are estimated to be approximately RMB 158 million (about HKD 177 million), payable by the lessee to Chengtong Financial Leasing in eight quarterly installments during the lease period. The total lease payments represent the sum of the lease principal, equal to the purchase price of RMB 152 million (approximately HKD 170 million), and estimated lease interest of about RMB 6.03 million (roughly HKD 6.75 million).

As of the date of this announcement, the group is primarily engaged in leasing, property development and investment, marine tourism services, and hotel operations. The group's leasing business is mainly conducted through Chengtong Financial Leasing as its core operation. The lease asset transfer arrangement was made in the ordinary course of business of Chengtong Financial Leasing and is expected to generate revenue of approximately RMB 6.03 million (equivalent to about HKD 6.75 million), representing the lease interest to be received under the arrangement.

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