CEN PLAZA HOTEL (08315): Shenzhen Jiuli and Shenzhen Huili Private Equity have reached a service agreement with Shenzhen Hongde.

CEN PLAZA HOTEL (08315) announced that on March 23, 2026 (after trading hours), its indirect wholly-owned subsidiaries Shenzhen Jiuli and Shenzhen Huili private equity (referred to collectively as the service provider) entered into a service agreement with Shenzhen Hongde (as the service recipient), from March 23, 2026 to September 22, 2026 (including the first and last days) to provide a six-month asset management service. The scope of the service is for Shenzhen Jiuli and Shenzhen Huili private equity to provide asset management services to Shenzhen Hongde, including analyzing and reviewing the debts, financing instruments, assets, resources, and business operations of the service recipient's clients to reduce financing costs, optimize financial and asset structures, and support asset restructuring. The service provider will provide analysis reports, restructuring suggestions, and debt management solutions, assist in formulating reform plans in line with government guidelines, and help expand financing channels and negotiate with creditors to reduce the overall financial costs of the service recipient's clients. Through this collaboration, Shenzhen Jiuli and Shenzhen Huili private equity will gain significant advantages. They will earn substantial fixed service fee income through participating in asset management services. By handling debt risk mitigation and asset restructuring projects for local state-owned enterprises, they will enhance their market position, industry reputation, and professional credibility. This partnership enables both parties to utilize and showcase their human resources and expertise, further developing skills and experience in complex financial transactions. Additionally, close collaboration with Shenzhen Hongde and direct contact with state-owned enterprise clients may bring new strategic business opportunities and long-term partnerships. Overall, these advantages enable Shenzhen Jiuli and Shenzhen Huili private equity to expand their influence, strengthen their competitive advantage, and gain wider market recognition in the financial services sector.