Bank of China Gold Leasing (01606) entered into a financial lease asset transfer agreement for photovoltaic power plant equipment and facility assets

Zhitong Finance App News, Bank of China Gold Rental (01606) issued an announcement. The company, as the asset transferee, and (i) China Power Construction Group Leasing Co., Ltd.; (ii) the lessee Ningxia Daxin New Energy Co., Ltd.; and (iii) Shanghai Electric Power entered into an asset transfer agreement on December 10, 2025. Based on this, the asset transferor agreed to transfer ownership of the leased property, lease receivable claims, all security rights and all relevant obligations of the asset transferor under the financial lease contract to the company. Relevant rights and obligations, and payment of RMB 1 billion in transfer consideration to the asset transferor and Shanghai Electric Power.

The subject matter of the transfer includes title to the leased property under the financial lease contract, lease claims receivable, all security rights, and all related obligations of the transferor of the asset under the financial lease contract. The leased property is an asset for photovoltaic power plant equipment and facilities located in Wuzhong City, Ningxia Hui Autonomous Region, China. The total value of the subject matter of the transfer is approximately RMB 1 billion, based on the actual construction costs of the subject matter of the transfer, and determined through the company's internal evaluation process.

Asset transfer agreements are concluded by the company in the general and daily course of business. Establishing an asset transfer agreement is beneficial to increasing the company's financial leasing business revenue and is in line with the company's business development strategy.