Industrial Bank Holdings (00132) announced that on July 3, 2024, its subsidiary, Green Gold Leasing, entered into a financing lease agreement with Yushu Heating Co., Ltd., the lessee, for a consideration of 35 million yuan to acquire ownership of assets from the lessee. The assets will be subleased back to the lessee for their use and possession for a period of 54 months.

The assets include several designated heating equipment and facilities located in Yushu City, Jilin Province, China.

Entering into financing leases and related documents is a normal and regular business process for Green Gold Leasing, and is expected to provide stable income and cash flow for the Group.