Ling Yue Services Group Limited announced plans to enter a public tender on 23 June 2026 for the acquisition of 25,022.15 sq.m. of Type II urban residential land in Huayuan Community, Sanhe Subdistrict, Xindu District, Chengdu, Sichuan Province.

Key Transaction Terms • Initial bid price: RMB 213.94 million (tax exclusive). • Bid deposit: RMB 42.79 million, deductible from the final consideration if the company wins or refundable without interest if unsuccessful. • Land use rights: 70-year term for residential development; plot ratio between 1.0 and 1.5. • Timeline: The winning bidder must sign a completion confirmation and land-use-rights grant contract with the Planning and Natural Resources Bureau of Xindu District within the stipulated period.

Financial and Regulatory Implications • Funding: Entirely from internal resources; no external financing planned. • Listing Rules: Based on the initial bid price, one or more applicable percentage ratios exceed 25% but remain below 100%, making the deal a “major transaction” under Chapter 14 of the HKEX Listing Rules. Shareholder approval and a circular will be required if the bid succeeds. Should the bidding price push any ratio to 100 percent or more, the company will withdraw to avoid triggering a “very substantial acquisition.”

Strategic Rationale Management cites the land’s prime location, established transport links, and supporting facilities as key attractions. The group already provides property-management services in Xindu, giving access to an existing client base. Planned development of residential and commercial units aims to capture demand in the district’s “healthy” real-estate market and generate incremental returns for shareholders.

Cautionary Note The acquisition remains subject to the outcome of the public tender. Investors are advised to exercise caution in dealing in the company’s securities until further announcements clarify the tender result.