CHANGMAO BIO's subsidiary signs a sale-leaseback contract for the machinery and equipment of the phthalic anhydride production line
CHANGMAO BIO's wholly-owned subsidiary Changmao Dalian signed a sale-leaseback agreement with Changzhou Xinhui Financing Leasing Co., Ltd., involving maleic anhydride production line machinery and equipment. Changmao Dalian transferred leasing assets for approximately 50 million yuan and leased them back for approximately 57.531 million yuan, with a lease term of 48 months. Upon expiration of the lease term, if there is no default, the lessor will transfer the ownership of the assets back to Changmao Dalian in their current condition
According to the announcement from Zhitong Finance APP, CHANGMAO BIO (00954) announced that on June 30, 2025, its wholly-owned subsidiary Changmao Dalian signed a sale and leaseback agreement with the lessor (Changzhou Xinhui Financial Leasing Co., Ltd.). Accordingly, Changmao Dalian agreed to transfer the leasing assets to the lessor for a total consideration of approximately RMB 50 million, while Changmao Dalian agreed to lease back the leasing assets for a total rent of approximately RMB 57.531 million for a period of 48 months. Upon the expiration of the lease term, provided that no ongoing default events occur and after receiving all lease payments and other receivables under the sale and leaseback agreement, Changmao Dalian will not need to pay any consideration, and the lessor will transfer the ownership of the leasing assets back to Changmao Dalian on a "as-is" basis.
The leasing assets consist of the maleic anhydride production line machinery and equipment of Changmao Dalian
