China Development Bank Leasing enters RMB690m lease deal

China Development Bank Financial Leasing Co., Ltd. (HKEX: 1606) has entered into a finance lease agreement with Shuangbai Jingke Power Co., Ltd. The deal, announced on April 22, 2025, involves the lease of power generation assets located in Shuangbai County, Yunnan Province. Under the agreement, China Development Bank Leasing will purchase the Leased Assets from the Lessee at a consideration of RMB690,000,000 and will lease them back to Shuangbai Jingke Power for a period of 216 months. The total lease interest is approximately RMB300,000,000. The Leased Assets had an appraised value of approximately RMB724,000,000. The transaction constitutes a discloseable transaction under the Hong Kong Listing Rules, requiring reporting and announcement, but is exempt from circular and shareholder approval requirements.