KONG SUN HOLD (00295) entered into a financial lease agreement for several photovoltaic power generation equipment and supporting facilities

date
19:11 12/05/2026
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GMT Eight
Jiangshan Holdings (00295) announced that on May 12, 2026, Dianbian Wanhe Shun (as the lessee, an indirect wholly-owned subsidiary of the Company) entered into a finance lease agreement with Guoyin Financial Leasing (as the lessor). According to the agreement, Guoyin Financial Leasing agreed to purchase lease assets from Dianbian Wanhe Shun for a total consideration of RMB 37 million. The lease assets will then be leased back to Dianbian Wanhe Shun for a term of 15 years. The legal ownership of the lease assets under the finance lease agreement will belong to Guoyin Financial Leasing during the lease term. At the end of the lease term, and upon Dianbian Wanhe Shun's payment of (i) all amounts payable under the finance lease agreement; and (ii) a nominal value of RMB 100 as the symbolic purchase price for the lease assets, the legal ownership of the lease assets will transfer to Dianbian Wanhe Shun.
KONG SUN HOLD (00295) announced that on May 12, 2026, Dingbian Wanhe Shun (as the lessee, an indirectly wholly-owned subsidiary of the Company) entered into a financing lease agreement with Guoyin Financial Leasing (as the lessor). Under the agreement, Guoyin Financial Leasing agreed to purchase lease assets from Dingbian Wanhe Shun for a total consideration of RMB 37 million. The lease assets will then be leased back to Dingbian Wanhe Shun for a period of 15 years. The legal ownership of the lease assets under the financing lease agreement will belong to Guoyin Financial Leasing during the lease term. At the end of the lease term, and upon Dingbian Wanhe Shun paying (i) all amounts due under the financing lease agreement; and (ii) a symbolic amount of RMB 100 for the lease assets, the legal ownership of the lease assets will belong to Dingbian Wanhe Shun. The lease assets consist of several photovoltaic power generation equipment and supporting facilities of a 30 MW photovoltaic power plant located in Shaanxi Province, China.