Concord NE: Entered into a finance lease agreement.

Breakings ·  Jun 14 20:59
Concord NE announcement: On June 14, 2024, the lessee Xingda Wind Power Generation Co., Ltd. (a wholly-owned subsidiary of the company) and the financing party China Merchants Finance Lease (Tianjin) Co., Ltd. agreed to a financing lease arrangement in the form of a financing lease agreement. Accordingly, the financing party will purchase equipment from the lessee at a purchase price of RMB 315,000,000 and lease the equipment back to the lessee during the lease term, and the lessee will pay the leasing payments to the financing party quarterly as consideration. Equipment refers to several wind power equipment (including wind turbines, main transformers, cables and other wind power equipment) used in the power station.

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