SUXIN SERVICES (02152) plans to publicly tender for the sale of an industrial property in Suzhou, with a reserve price of approximately 2.31 billion yuan.

SUXIN SERVICES (02152) announced that its wholly-owned subsidiary JINSHI is proposing to publicly tender the sale of the property through the Suzhou Exchange Center. According to the rules of the Suzhou Exchange Center, the successful bidder must enter into an asset transfer agreement with JINSHI. The reserve price is approximately RMB 2.31 billion. The property is located at 365 Heshan Road, Suzhou. The property's land use rights were acquired through allocation with a designated industrial land use purpose, with the land use rights expiring on December 30, 2056. The land area is 54,811.6 square meters, with a total building area of 78,058.72 square meters. The property's ownership is clear and free of any mortgage, lien, or property burden. The property consists of 11 buildings, including ten dormitory buildings, each with a building area of 7,114.14 square meters, providing a total of 1,598 rooms. Buildings 1, 2, 3, 4, 5, 6, 8, and 10 are standard dormitory buildings, each six floors, while buildings 7 and 9 are apartment buildings, also six floors. In addition, there is a separate comprehensive facility building with a building area of 6,917.32 square meters. The company will generate cash proceeds from the proposed sale, allowing the group to optimize resource allocation, focus on its core business operations, support its corporate strategy execution, and improve overall operational efficiency.