China Development Bank Financial Leasing expands IT equipment portfolio with RMB1.1bn acquisition

China Development Bank Financial Leasing Co. Ltd. has entered into a product purchase agreement with Shandong Zhisuo Information Technology Co. Ltd. for the acquisition of 1,372 units of information technology computer equipment. The total consideration for the purchase targets is RMB1.108bn, which will be funded by the company's own funds and/or commercial bank loans.

The acquired equipment, primarily intended for high-performance computing, will be leased out to third-party lessees under an operating lease model. This move aligns with the company's strategy to expand its market share in the computer equipment operating lease sector and support the national "strong power in science and technology" initiative by providing financing for digital economy infrastructure.

The seller, Shandong Zhisuo Information Technology Co. Ltd., is a state-owned enterprise in Jinan City, Shandong Province, specializing in the sale of computer software and hardware. The directors view the terms of the agreement as fair and reasonable, serving the interests of the company and its shareholders.