BJ ENERGY INTL (00686.HK) announced that its subsidiary, Nanguo Guoshun, sold various equipment and components (such as transformers and cables) related to the agricultural-photovoltaic complementary power generation project to Industrial Bank Financial Leasing for a total price of 0.5 billion yuan (the same below), and will subsequently lease the assets back to Nanguo Guoshun.

According to the financing lease agreement, the total rent payable to Industrial Bank Financial Leasing is approximately 0.538 billion yuan.

The group believes that the financing lease agreement and the transactions to be conducted thereunder provide more financial resources for the development and operation funds of Nanguo Guoshun's agricultural-photovoltaic complementary power generation project, allowing the group to utilize internal resources more effectively.