China Development Bank Leasing enters RMB980m finance lease

China Development Bank Financial Leasing Co., Ltd. has entered into a finance lease arrangement involving photovoltaic power generation equipment. The company, as the lessor, agreed to lease assets, which it purchased as the purchaser in a transfer agreement. The deal includes a purchase of the assets from a vendor for a consideration of RMB980,000,000 and leasing to the vendor, with a lease period of 216 months. The total lease interest over the period will be approximately RMB300,000,000. The lessee has the option to purchase back the assets for a nominal RMB100 at the end of the lease. The company states that the terms are fair and reasonable, benefiting from increased revenue and aligning with its business development strategy. The transaction, exceeding 5% but below 25% of applicable ratios, is classified as a discloseable transaction under the Listing Rules.