Ling Yue Services Group Limited announced on 2 August 2026 that it will participate in a public tender on 3 August 2026 to acquire land-use rights for a 6,186.13 sq.m. site located between the East side of Sichuan College of Applied Sciences and the West side of Bangtai Jiuxitai in Xichang City, Sichuan Province.

The parcel, designated for commercial development with a 40-year grant term and a plot ratio capped at 1.5, carries an official initial bidding price of RMB41.65 million. In line with tender requirements set by the Xichang Natural Resources Bureau, the company will lodge a refundable bidding deposit of RMB8.33 million, equivalent to 20% of the opening price. Funding for the potential acquisition will come entirely from internal resources.

Ling Yue Services plans to develop and sell commercial properties on the site, leveraging its existing property-management operations and customer base in Xichang. Management believes the location’s transport links and mature infrastructure will support market demand and generate attractive investment returns for shareholders.

Under Hong Kong Listing Rules, the contemplated transaction would classify as a discloseable transaction, as the applicable percentage ratios are estimated to exceed 5% but remain below 25%. Should the bidding price rise and push any ratio above 25%, the company stated it will withdraw from the tender to avoid triggering a major-transaction classification that would require shareholder approval.

The board considers the proposed land acquisition fair and reasonable and in the interests of the company and its shareholders. Investors are advised that the acquisition remains subject to tender outcomes and subsequent contract execution with the Xichang Natural Resources Bureau; therefore, caution is urged when dealing in the company’s securities.