LHN (01730): Achieved strong operational performance in the third quarter, benefiting from continued growth in space optimization business.

LHN (01730) has announced that Mr. Lim Long Tian, Chairman and Executive Director of Xian Group Limited and Group Managing Director, stated: "We are pleased to report the outstanding operational performance in the third quarter of the 2025 financial year driven by the continuous growth of our core businesses. Our Space Optimisation division and its Coliwoo portfolio continued to maintain high occupancy rates, and we further expanded our co-living supply, adding a resort located at 159 Jalan Loyang Besar. Our facilities management business also achieved steady growth, securing new contracts and renewing existing contracts, while our Energy division continued to expand its renewable energy generation capacity. The delisting from the Hong Kong Stock Exchange and proposal to spin off Coliwoo and list it independently are strategic moves to streamline our operations, enhance shareholder value, and focus on future development trajectories." Space Optimisation Business The Group's Space Optimisation business remains the main source of revenue, benefiting from the business activities in industrial, commercial, and residential properties in the third quarter of the 2025 financial year. As of June 30, 2025, the Group manages over 330,000 square feet of commercial properties and over 1.8 million square feet of industrial properties. In the third quarter of the 2025 financial year, the Group renewed two existing total leases for industrial properties at Depot Lane and Woodlands Mandai Estate. After expanding to climate-controlled storage services, the Group launched the second air-conditioned facility at 38 Ang Mo Kio for its Work+Store storage solutions business in the third quarter of the 2025 financial year. This expansion further enlarges its supply range to meet the growing demand for climate-controlled storage space in Singapore. The co-living business of Coliwoo continued its momentum in the third quarter of the 2025 financial year, with the launch of Coliwoo Hotel Kampong Glam. In addition, the Group signed a total lease for a state-owned property at 159 Jalan Loyang Besar, with 382 rooms added to its property portfolio. This property will be converted into a resort, expected to commence operations in the second quarter of 2026 (corresponding to the third quarter of the 2026 financial year). As of June 30, 2025, the comprehensive occupancy rate of the Group's industrial space, commercial space, and Coliwoo co-living space (excluding joint properties and those gradually transferred) continued to perform strongly, maintaining high occupancy rates. Facilities Management Business In terms of ICFM business, the third quarter of the 2025 financial year saw the signing of 17 new contracts and successful renewal of 9 existing contracts. These new and renewed contracts mainly involve providing air conditioning maintenance, cleaning, integrated facilities management, landscaping, and pest control services. As of June 30, 2025, the customer base of ICFM has grown from 115 as of June 30, 2024, to 126. As of June 30, 2025, the Group manages 100 parking lots in Singapore, totaling over 27,000 parking spaces. The Group has ceased its parking management business in Hong Kong, China, since April 30, 2025. Energy Business In the third quarter of the 2025 financial year, the Group secured a CECEP Solar Energy contract for renewable energy generation capacity of approximately 0.3 megawatts. As of June 30, 2025, the Group's total CECEP Solar Energy generation capacity amounted to approximately 9.6 megawatts. Additionally, as of June 30, 2025, the Group and its joint ventures collectively operate 19 electric vehicle charging stations.