Suxin Services (02152) sells Suzhou property for 231 million yuan

According to the Zhitong Finance App, Suxin Service (02152) announced that on the date of this announcement, the public tender procedure conducted at the Suzhou Trading Center has been completed. The buyer, Youchao Housing Rental (Suzhou) Co., Ltd. was the successful bidder for the property, and the final cost was RMB 231 million. On July 21, 2026, Goldlion, a wholly-owned subsidiary of the company, entered into such an agreement with the buyer. Goldlion conditionally agreed to sell the property to the buyer at the final cost.

The property is a real estate located at No. 365 Heshan Road, Suzhou (also known as Jinlin Apartment). The property's land use rights were obtained by way of transfer, and the designated land use was industrial land. The land use rights period expires on December 30, 2056. The site area is 54,811.6 square meters, and the total construction area is 78,058.72 square meters. The property consists of 11 buildings, including 10 dormitory/apartment buildings, each with a construction area of 7,114.14 square meters, providing a total of 1,598 rooms. Buildings 1, 2, 3, 4, 5, 6, 8 and 10 are standard dormitory buildings, each with six floors, while buildings 7 and 9 are apartment buildings, each with six floors. In addition, there is an independent comprehensive supporting facilities building with a construction area of 6,917.32 square meters.

According to the announcement, the sale is not only a positive step to revitalize the Group's asset portfolio, but will also bring considerable cash inflows to the Group, enabling it to concentrate high-quality resources to further cultivate its main business and strengthen its competitive position. The directors believe that the sale is in line with the Group's long-term strategic goals. Accordingly, the Group proposes to proceed with the sale.