CDB LEASING (01606.HK): Signs RMB 183mn Finance Lease; Aggregated Deals Form Discloseable Transaction

NewTimeSpace News: On 9 October 2026, China Development Bank Financial Leasing Co., Ltd. (the "Company") announced that, as lessor, it entered into the finance lease contract with the lessee Shanghai Mingxing Automobile Service Co., Ltd. after trading hours on 9 October 2026, under which the lessor agreed to purchase the leased assets from the lessee for a consideration of approximately RMB 183,000,000 and to lease the leased assets to the lessee for a term of 12 months.

The announcement disclosed that the leased assets are certain vehicles located across China owned by the lessee, with a total value determined through the Company's internal assessment process of approximately RMB 195,000,000. The rent is VAT-inclusive and payable in RMB, comprising the lease principal and lease interest: the lease principal equals the transfer price, totalling approximately RMB 183,000,000; lease interest totals approximately RMB 5,900,000 over the lease term, payable by the lessee in monthly instalments. The lessee agreed to transfer and/or register the leased assets in the lessor's name during the lease term, and the lessor agreed to lease the assets to the lessee for possession, use and enjoyment of income; upon expiry, the lessee may repurchase the leased assets at a nominal price of RMB 100 per vehicle.

The Company stated that, in the 12 months before this transaction, the Company as lessor entered into several finance lease contracts with the same lessee for an aggregate consideration of approximately RMB 751,000,000 (lease terms of 12 to 36 months), with the highest applicable percentage ratio below 5%. As the lessee under this transaction and the several transactions is the same party, they must be aggregated under Rule 14.22 of the Listing Rules; the aggregated highest applicable percentage ratio exceeds 5% but is below 25%, so this transaction constitutes a discloseable transaction subject to the reporting and announcement requirements under Chapter 14 but exempt from the circular and shareholders' approval requirements. The lessee and its ultimate beneficial owners are independent third parties; the contract was entered into in the ordinary and usual course of business and will help increase the Company's finance leasing income, consistent with its business development strategy.

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