A subsidiary of China Chengtong Development Group (00217) entered into a sale-leaseback agreement on certain construction machinery and auxiliary equipment

Zhitong Finance App News, China Chengtong Development Group (00217) issued an announcement. On December 23, 2025, Chengtong Financial Leasing Co., Ltd. (Chengtong Financial Leasing, an indirect wholly-owned subsidiary of the company) and the co-tenant (Hebei Beijing Tang Industrial Technology Co., Ltd., China 22nd Metallurgical Group Co., Ltd.) entered into a sale-leaseback agreement. According to this, Chengtong Financial Leasing will purchase leased assets from the co-lessee and lease back to the co-tenant for a period of three years, but the lease period may be terminated early in accordance with the terms and conditions of the sale-leaseback agreement.

The leased assets are a number of construction machinery and auxiliary equipment.

The sale-leaseback arrangement is part of Chengtong Financial Leasing's general and daily business of providing financing solutions to customers. It is consistent with the Group's main business of financial leasing. It is expected that Chengtong Financial Leasing will earn revenue of approximately RMB 2.88 million (equivalent to approximately HK$3.14 million), the total amount of service fees and lease interest that Chengtong Financial Leasing will collect under the sale-leaseback arrangement.