DESUN SERVICES (02270) successfully won the bid for the landmark media complex in the Jinjiang District of Chengdu, creating a hub of "digital media + fashion art".

DESUN SERVICES (02270) announced that its wholly-owned subsidiary, Chengdu Desheng, successfully won the bid for a landmark media complex project in Chengdu, China on March 25, 2026. The net land area is approximately 35.5642 acres, and it will become a hub for "digital media + fashion art". The project is expected to last for 10 years, including preparation and cooperation periods, involving three collaboration projects: office property entrusted operation, commercial leasing, and comprehensive property services. As part of the project scope, Chengdu Desheng will enter into a leasing agreement for commercial properties and obtain authorization to carry out specific business activities within the designated purposes. Upon receiving the full performance guarantee deposit from Chengdu Desheng or submitting a bank guarantee letter, Chengdu Desheng (as lessee) and East Coast Smart Media (as lessor) will enter into a leasing agreement for the rental property. East Coast Smart Media is expected to deliver the rental property on June 30, 2027, and the lease term is expected to be from July 1, 2027, to June 30, 2036, for a total of nine years. The rental property includes Building 1, floors B1 to 4, and Building 2, floors B1 to 3, located in Jiangqiao Village, Liujing Street, and Zhuguosi Village, groups 4 and 5 in Jingjiang District, Chengdu, China. Our company has been deeply involved in property services, investment and operation, office leasing, and entrusted operation for many years, accumulating solid industry experience and professional capabilities. The project participating in the tender is located in the core area of the city - Jinjiang District, with superior location and resource aggregation, significant positional value, and strategic significance. If the project progresses smoothly, it will not only bring continuous and stable operational income to the company but also create a benchmark project case with demonstrative significance, thereby enhancing the company's brand influence and market reputation, attracting more high-quality partners and customer resources, and injecting sustained momentum for the long-term development of the enterprise.