DESUN SERVICES(02270): Chengdu Desun will return 652 parking spaces to the seller.

DESUN SERVICES (02270) announced that on October 21, 2025, its wholly-owned subsidiary Chengdu Desheng reached a termination agreement with the relevant debtors and the parking space seller. Chengdu Desheng agreed to return 652 parking spaces to the parking space seller, while the relevant debtors agreed to pay Chengdu Desheng a total of 22.52 million yuan. According to the debt settlement agreement corresponding to the termination agreement, the parking space seller will transfer a total of 960 parking spaces to Chengdu Desheng to offset the amount owed by the relevant debtors. As of the date of this announcement, 308 parking spaces have been sold by Chengdu Desheng, with 652 parking spaces still held by the group. Returning these parking spaces to the parking space seller and having the debtors repay the debt in cash will not only help expand the group's cash flow, but also facilitate the quick disposal of parking spaces and save on selling costs.