According to Zhitong Finance App News, Xixiangfeng Group (02473) issued an announcement. On August 19, 2026 (after the transaction period), Xixiangfeng Group (an indirect wholly-owned subsidiary of the Company) and/or some of its subsidiaries (collectively referred to as the lessee) entered into a sale and leaseback contract with the lessor. Based on this, (1) the tenant agreed to transfer the leased assets to the lessor at a total cost of about RMB 4.699 million, and (2) the tenant agreed to rent back the leased assets to the lessor for a total rental period of about RMB 9.50 170,000 yuan.

The leased assets are a number of automobiles owned by the lessee as detailed in the sale and leaseback contract.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.