Gelonghui September 29th 丨China Chengtong Development Group (00217.HK)An announcement was issued. On September 29, 2020, Chengtong Financial Leasing, an indirect wholly-owned subsidiary of the company, concluded: 1. According to this, Chengtong Financial Leasing agreed to purchase the facility I from the seller at the cost of RMB 48.4 million; 2. Purchase Agreement II. According to this, Chengtong Financial Leasing agreed to rent the facility II from the seller at a cost of RMB 33.5 million; 3. Lease contract I. According to this, Chengtong Financial Leasing agreed to rent the facility I to the tenant for a period of 12 months; and 4. Lease contract II. Rental period It's 12 months.

The seller, China Railway Engineering Equipment Group Co., Ltd. is a limited company established in China, and the lessee, China Railway Engineering Services Co., Ltd. is a limited company established in China. Facility I is a number of dual-mode shield machines newly manufactured by the seller, and Facility II is a number of new balanced shield machines manufactured by the seller.