China Development Bank Financial Leasing Agrees to Purchase Two Offshore Support Vessels

bank loans. The transaction terms were set following negotiations based on market prices for similar vessels, demonstrating the company's commitment to maintaining fair market practices. This transaction reflects **China Development Bank Financial Leasing Co., Ltd.'s** strategy to expand its market share in the vessel leasing industry. According to the company's directors, the agreement is advantageous and aligns with the company's growth ambitions, contributing positively to the interests of the company and its shareholders. While this transaction, in isolation, might not necessitate reporting under Chapter 14 of the Listing Rules, its aggregation with a prior transaction in the same year increases its reporting obligations. Aggregated rules apply since the previous transaction also involved the same seller, making it a discloseable transaction under the rules, thereby requiring public announcement but no shareholder approval. **China Development Bank Financial Leasing Co., Ltd.** was established in the PRC in 1984 and converted into a joint stock company in 2015. It focuses on leasing services across various industries, including aviation, shipping, and green energy. The seller, Nantong CIMC SinoPacific Offshore & Engineering Co., Ltd., specializes in offshore engineering and shipbuilding and operates independently of the company and its affiliates.