CDB LEASING (01606) announced that the company, as the asset transferee, entered into an asset transfer agreement on December 10, 2025, with (i) the asset transferor, PowerChina Leasing Co., Ltd.; (ii) the lessee, Ningxia Daxin New Energy Co., Ltd.; and (iii) Shanghai Electric Power.

Under the agreement, the asset transferor agreed to transfer the ownership of leased assets, receivables from lease payments, all security interests, and related obligations under the financial lease contract to CDB LEASING. In return, the company agreed to acquire these assets and associated rights and obligations, paying a total consideration of RMB 1 billion to the asset transferor and Shanghai Electric Power.

The transferred assets include the ownership of leased assets, receivables from lease payments, all security interests, and the transferor's obligations under the financial lease contract. The leased assets consist of photovoltaic power station equipment and facilities located in Wuzhong City, Ningxia Hui Autonomous Region, China.

The total value of the transferred assets is approximately RMB 1 billion, determined based on the actual construction costs and the company's internal evaluation process. The agreement was signed as part of the company's ordinary business operations.

This transaction is expected to enhance CDB LEASING's financial leasing business revenue and aligns with the company's business development strategy.