A subsidiary of Societe Generale Holdings (00132) enters into financial leases for certain designated heating equipment and facilities

According to Zhitong Finance App, Societe Generale Holdings (00132) announced that on December 5, 2025, Guangdong Green Finance Leasing Co., Ltd. (Green Gold Leasing), a subsidiary of the company, entered into a financial lease with the tenant Fuyu Seventh Heating Co., Ltd. to obtain ownership of the assets from the lessee at a cost of RMB 20 million (equivalent to approximately HK$22.02 million). Such assets will be leased back to the tenant for use and possession for a period of 74 months.

The total amount of financial lease payments is approximately RMB 246.71 million (equivalent to approximately HK$27.163 million), including the principal payment of the lease of RMB20 million (equivalent to approximately HK$22.02 million) and total rental interest and other expenses and expenses under ancillary documents of approximately RMB 4.671 million (equivalent to approximately HK$5.143 million). Both the principal and interest of the lease will be paid quarterly during the rental period.

The assets include the lessee's designated heating equipment and facilities located in Songyuan City, Jilin Province, China. The lessee will be responsible for any maintenance, taxes and other costs and levies relating to the assets.

The conclusion of financial leases and ancillary documents is one of the general and normal business processes of Green Gold Leasing, and is expected to provide the Group with stable income and cash flow. The directors believe that the financial leases and ancillary documents and the transactions to be carried out under them are based on normal commercial terms on a fair basis, are fair and reasonable, and meet the overall best interests of the Group and shareholders.