China Development Bank Leasing acquires residential PV assets for 1.21 bn yuan

China Development Bank Financial Leasing Co. has entered into an asset purchase agreement to acquire residential photovoltaic power stations and ancillary equipment located in Guangdong and Anhui Provinces. The total consideration for this transaction is RMB1,210,000,000. This acquisition will be funded by the company's own funds and/or commercial bank loans.

The assets will be leased out under an operating lease model following the completion of the transaction. This move is part of the company's strategy to enhance its market share in the residential photovoltaic new energy operating lease sector. The transaction is classified as a discloseable transaction under Chapter 14 of the Listing Rules.

The sellers in this agreement are Guangde Jiatai New Energy Co. and eight other project companies wholly owned by Chint Anneng Digital Power (Zhejiang) Co. These entities are engaged in power generation, transmission, and development of photovoltaic technology.