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China Chengtong Development Group (00217) subsidiary signs sales and leaseback arrangements with Xinte and Wengniuteqi
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Zhitong Finance App News, China Chengtong Development Group (00217) issued an announcement. On October 21, 2026, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the company): (i) signed a new special agreement with Xinte. According to this, Chengtong Financial Leasing agreed to buy Xinte leased assets from Xinte and rent back the Xinte Leasing assets to Xinte. The lease period shall be 2 years from the date on which Chengtong Financial Leasing paid the purchase price of the Xinte Leasing assets, but it can be terminated early in accordance with the terms and conditions of the Xinte agreement;

(ii) A Wengniuteqi agreement was concluded with Wengniuteqi. According to this, Chengtong Financial Leasing agreed to purchase Wenniuteqi leased assets from Wenniuteqi and return the leased assets to Wenniuteqi. The lease period shall be 2 years from the date Chengtong Financial Lease paid the purchase price of the rental capital of Wenniuteqi, but it can be terminated early in accordance with the terms and conditions of the Wengniuteqi agreement.

Xinte's leasing assets refer to photovoltaic module supports and transmission cables located in Xinjiang, China. Wengniuteqi's leased assets refer to wind turbine towers and wind turbines located in the Inner Mongolia Autonomous Region of China.

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.
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