China Chengtong Development Group (00217.HK) subsidiary has entered into a sale and leaseback agreement with Zhejiang Datang Sock City.

Zhtng Cijng APP news, China Chengtong Development Group (00217.HK) announced that on June 26, 2026, Chengtong Financial Leasing (an indirectly wholly-owned subsidiary of the Company) entered into a sale and leaseback agreement with the lessee (Zhejiang Datang Sock City Co., Ltd.). According to this agreement, Chengtong Financial Leasing will purchase leasing assets from the lessee and lease them back to the lessee. The lease term is 3 years, but it can be terminated earlier according to the terms and conditions of the sale and leaseback agreement. Leasing assets include variable frequency water supply circulation equipment, HVAC equipment, and power distribution facility equipment.