Lingyue Service Group (02165.HK) did not win the bid for land in Sichuan Province through public tender.

Zhitong Finance APP News, Lingyue Service Group (02165.HK) issued an announcement regarding the proposed acquisition through public tender of the land use rights of the land sold by the Guangyuan Municipal Natural Resources Bureau. The board of directors hereby updates that the Company was unsuccessful in bidding for the proposed land acquisition. The bid deposit in the amount of RMB43.522 million, without interest and deductions, has been fully refunded to the Company.