Signed a Memorandum of Cooperation with GPI Kangqiao Yue Life (02205) lays out the overseas apartment asset management market

Zhitong Finance App learned that with the launch of the North American market layout and the advancement of the global development strategy, Kangqiao Yue Life Service Group Co., Ltd. (“Kangqiao Life”) (02205) and the US multi-unit apartment asset management company GPI Real Estate Management LLC (“GPI”) formally signed a Memorandum of Cooperation (MOU) on December 24, 2025. This cross-border cooperation will use equity cooperation as the core link. By integrating the core resource advantages of both parties, they will jointly build an American multi-unit apartment asset management and property service platform with standardized management, technological operation, and sustainable growth capabilities.

1. Complementary advantages build a strong foundation to enable cooperation and development

As a comprehensive property service company listed on the main board of the Hong Kong Stock Exchange, Kang Qiaoyue Life has built a dual support system covering standardized management processes and digital enabling practices covering various businesses such as basic property services, smart park operation, and business asset management, and has built the core competitiveness of “service+technology” two-wheel drive, providing strong support for overseas business expansion.

GPI has been deeply involved in the US market for many years and has developed significant practical advantages in the fields of multi-unit apartment operations, asset renewal and local compliance operations. According to public data, GPI currently manages a total of 17 projects (including 15 own projects and 2 projects commissioned by third parties), and has a solid business foundation and perfect resource network in the local market.

Based on the principles of equality, mutual benefit and complementary advantages, the two sides reached consensus on cooperation in multiple dimensions. Kang Qiaoyue Life's standardized management system and technological empowerment capabilities form deep collaboration with GPI's local market resources and specialized operation experience, laying a solid foundation for the rapid implementation and long-term development of the cooperation platform.

2. Equity cooperation anchors the core and clarifies the blueprint for business development

According to the terms of the Memorandum of Understanding, the two parties decided to use “equity cooperation as the core” to jointly establish a long-term and stable cooperation model: Kang Qiaoyue Life plans to directly or indirectly purchase part of GPI's shares and achieve holding and consolidated statements on the premise that it complies with accounting standards and relevant regulatory requirements. The specific core details will be further discussed by the two parties and clarified in a formal agreement after the follow-up due diligence is completed.

The memorandum of understanding agreed that in the future, the business scope of the cooperative platform company will achieve full coverage of multi-dimensional property asset management services, including: rental and operation management of multi-unit apartments; full-chain property management services such as daily operation management, rental management, maintenance, and customer service; asset upgrading and value-added services such as apartment renovation, maintenance projects, CapEx management and related engineering management; comprehensively improving rental conversion efficiency, operation management efficiency, cost control capabilities and management transparency through the introduction and application of artificial intelligence, data analysis, automation systems, etc.; and Other related business by consensus.

The memorandum also mentioned that the cooperative platform company will continue to manage GPI's existing projects, maintain the stability of the original operation team, management model and service commitment to owners during the transition period; gradually introduce standardized management systems, technical systems and process optimization measures approved by both parties without affecting the legitimate rights and service quality of existing owners. In the future, cooperative platform companies will actively expand new businesses through market-based operations, and continue to expand the scale of management and service coverage by undertaking third-party property management projects, mergers and acquisitions, or property management and related service enterprises jointly approved by both investors. At the same time, the memorandum also specifically stated that related mergers and acquisitions or investment projects will follow the investment decision-making mechanism and approval process separately agreed by both parties.

3. “Service+Technology” two-wheel drive to co-create a new platform for apartment asset management

The two sides have clearly established “management standardization” and “technological empowerment” as the core development axes of cooperative platform companies. Kang Qiaoyue Life will combine its mature practical experience to help partner platform companies sort out and export replicable management standards and standardized processes to promote continuous optimization of management systems, service quality and internal control systems; cooperative platform companies will further increase investment in scientific research and development and application, focusing on promoting the implementation of artificial intelligence, digital management systems, intelligent tools and other technologies, and drive both operational efficiency and economic efficiency through technological innovation.

In the wave of global development and intelligent transformation of the real estate service industry, this cooperation is an important step for Kangqiao Yue Life to deepen the layout of the North American market and advance the “service+technology” two-wheel drive strategy. Through deep collaboration with GPI, Kang Qiaoyue Life will further accumulate practical experience in the field of overseas property asset management, laying a replicable operating foundation for subsequent expansion into North America and other overseas markets; GPI will rely on Kang Qiaoyue Life's resource support and technical empowerment to achieve large-scale expansion and service quality upgrades.

Kang Qiaoyue Life said that the Memorandum of Cooperation signed this time is an intentional document of strategic cooperation between the two sides. Other than clearly agreed terms such as confidentiality and exclusivity, it does not constitute a final legally binding agreement. The details of the cooperation are subject to the formal agreement signed by the two parties later. In the future, the two sides will promote follow-up work such as due diligence and negotiations on core terms in an orderly manner, fully promote the implementation and operation of cooperative platform companies, and work together to explore new values and benefits of the North American property asset management industry.