LING YUE SER GP (02165): It is recommended to acquire land in Sichuan through public bidding.

LING YUE SER GP (02165) has announced that the company will submit a bid on August 3, 2026, for the land use rights of the land to be sold through public bidding by the Xichang City Natural Resources Bureau (i.e., the proposed land acquisition). According to the provisions outlined in the public bidding announcement, the successful bidder must sign a transaction confirmation letter and a land use rights transfer contract with the Xichang City Natural Resources Bureau within the timeframe specified in the public bidding announcement. The land is located on the east side of Sichuan Applied Technology Vocational School and the west side of Bangtai Jiuxitai in Xichang City, Sichuan Province, China, with a total area of 6,186.13 square meters. This land is designated for commercial use, with a concession period of 40 years for commercial purposes. The comprehensive floor area ratio of the land must be less than 1.5. This land is situated in a prime location in Xichang City, China, with convenient transportation and complete supporting facilities, making it a scarce plot of land in the current supply in Xichang City. If the company successfully wins the public bidding, it intends to develop this land for commercial purposes and sell the properties on the market. The company is currently operating property management services in Xichang and has established a stable customer base in the city, providing a certain degree of customer resource assurance for property development. The overall real estate market in Xichang remains robust, and considering the ideal location of this plot, the quality commercial products offered are expected to attract existing property management clients of the company for further investments, while also driving new customers.