LING YUE SER GP (02165) intends to acquire land in Sichuan through public tender

LING YUE SER GP (02165) announces that the Company will submit a tender on November 6, 2026 for the land use rights of the land to be sold by the Guangyuan Municipal Natural Resources Bureau through public tender (i.e. the "Proposed Land Acquisition"). Pursuant to the requirements set out in the public tender announcement, the winning bidder shall, within the relevant time limit specified in the public tender announcement, sign a transaction confirmation letter and a land use rights grant contract with the Guangyuan Municipal Natural Resources Bureau in respect of the Proposed Land Acquisition. The land is located in a prime location in the eastern district of Guangyuan City, Sichuan Province, China, with convenient transportation and well-developed supporting facilities, and is a scarce plot among the current land supply in Guangyuan City. If the Company successfully wins the bid in the relevant public tender, it intends to develop the land for commercial and residential purposes and sell the properties on the market. The Company currently operates a property management services business in Guangyuan and has accumulated a solid customer base in the city, which provides a certain degree of customer resource support for property development. The Guangyuan real estate market remains generally stable, and given that the plot is situated in an ideal location in Guangyuan, the quality residential products offered are expected to attract the Company's existing property management customers to purchase properties again while also bringing in new customers. The project development is expected to generate potential investment returns and create higher financial returns for the Company and its shareholders.