Gelonghui, January 10, 丨 China Chengtong Development Group (00217.HK) announced that on January 10, 2024, Chengtong Financial Leasing, an indirect wholly-owned subsidiary of the company, entered into an EPC agreement with the contractor (as a contractor). Based on this, the contractor agreed to provide EPC services, such as procurement equipment for leased assets and survey, design and construction of leased assets.

On the same day, Chengtong Financial Leasing also entered into a lease agreement with the lessee (as the lessee). According to this, the lessee will lease the leased assets according to the terms and conditions of the lease agreement. The lease period is 16 years, which can be extended due to relocation, transformation or other factors.