LING YUE SER GP (02165) recommends acquiring land in Sichuan through open tender.

LING YUE SER GP (02165) announced that the company will submit a bid for the land use rights of a piece of land to be auctioned by the Natural Resources Bureau of Xichang City on April 13, 2026. The land is located on the east side of Nantan vegetable market in Xichang City, Sichuan Province, China, with a total land area of 15,444.39 square meters. The land is designated for residential and commercial purposes, with a land use term of 70 years for residential use and 40 years for commercial use. The comprehensive floor area ratio of the land must be between 1.0 and 2.2. The starting price for the public auction of the proposed land acquisition is approximately RMB 142.7 million (excluding taxes). The land is located in a prime location in the East District of Xichang City, Sichuan Province, China, with convenient transportation and complete supporting facilities. It is a scarce plot of land in the current land supply in the East District of Xichang City. If the company successfully wins the bid in the relevant public auction, it plans to develop the land for commercial and residential use and sell the properties on the market. The company currently operates property management services in Xichang and has a stable customer base in the city, providing a certain level of customer resource guarantee for property development. The real estate market in Xichang is stable overall, and considering the prime location of the land plot in Xichang, the high-quality residential products provided are expected to attract existing property management clients to purchase again, as well as attract new customers. The development of this project is expected to bring potential investment returns and generate higher financial returns for the company and shareholders.