China Chengtong Development Group (00217.HK) Subsidiary enters into a three-year sale-leaseback agreement to purchase lighting and drainage equipment for leaseback

2026-03-09 15:15:12

Gelonghui, March 9 — China Chengtong Development Group (00217.HK) announced that on March 9, 2026, Chengtong Financial Leasing (an indirectly wholly owned subsidiary) entered into a sale-and-leaseback agreement with the lessee, Shijiazhuang Rail Transit Group Co., Ltd. Under this agreement, Chengtong Financial Leasing will purchase lease assets (such as lighting systems, drainage equipment, etc.) from the lessee and lease them back to the lessee. The lease term is three (3) years, but it may be terminated early in accordance with the terms and conditions of the sale-and-leaseback agreement.

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