SUNDY SERVICE(09608) intends to purchase 50 underground parking spaces at Songdu Mansion in Hangzhou for approximately 10.58 million yuan.

SUNDY SERVICE (09608) announces that on October 31, 2025, the buyer (a company's indirect wholly-owned subsidiary, Hangzhou Songdu Property Management Co., Ltd.) intends to purchase parking spaces from the seller (Hangzhou Songdu Real Estate Group Co., Ltd.) for a price of RMB 1058.67 million. The parking spaces are located at 50 spots on the underground second floor of Songdu Building, 789 Fuchun Road, Hangzhou, China. The purchase of parking spaces is mainly for capital preservation and investment stability. This asset is a high-quality operational asset with the core advantages of low operating costs, high operating income levels, and stable cash flow. It can bring continuous income contributions to the company, aligning with the company's investment strategy for quality assets. Located in a core advantageous area with numerous financial institutions, high-end restaurants, and Grade A office buildings nearby, the region has a strong demand for business travel and daily parking, providing a solid market foundation for the stable operation of the parking spaces. Additionally, the target parking spaces are located in the underground area of an independent office building, where the parking demand from daily office staff and visitors remains high, ensuring the continuous high utilization rate of the parking spaces. By purchasing the target parking spaces and implementing professional operation (including but not limited to external rentals), the company can create a stable additional income source, effectively optimize its income structure, improve overall profitability and risk resistance, and create greater value for shareholders.