According to Zhitong Finance App, WANG ON GROUP (01222) announced that on October 12, 2026, Kaifeng Hongjin (as tenant) and Jiangsu Finance (as lessor) signed a sale-leaseback agreement on a sale-leaseback arrangement. The price was RMB 20 million. The leased assets include a number of facilities, machines and equipment owned by Kaifeng Hongjin and used by Kaifeng Hongjin at the Kaifeng Logistics Center.

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