Zhitong Finance App News, Lingyue Service Group (02165) announced that on October 28, 2026, the company will submit a tender for the proposed acquisition of the land use rights sold by the Xichang Natural Resources Bureau through public tender.
According to the provisions contained in the public tender notice, the winning bidder must sign a transaction confirmation and land use rights concession contract with the Xichang Natural Resources Bureau for the proposed land acquisition within the relevant period stipulated in the public tender notice.
The proposed public tender starting price for land acquisition is RMB 69.88 million (excluding tax). The Company will publish a separate announcement on the Company's bid price in due course in accordance with the provisions of Chapter 14 of the Listing Rules. After publication of this announcement, the Company will pay a bid deposit of RMB 14 million in accordance with the requirements of the public tender notice.
The land is located in an excellent location in Xichang City, Sichuan Province, China, with convenient transportation and complete supporting facilities. It is currently a scarce plot of land in Xichang City. If the company successfully wins the bid in the relevant public tender, it plans to develop the land as a commercial and sell the property on the market.
The company currently operates a property management service business in Xichang, and has accumulated a stable customer base in the city to provide a certain customer resource guarantee for property development. The overall real estate market in Xichang remains stable, and considering that the plot is in an ideal location in Xichang, the high-quality commercial products provided are expected to attract the company's existing property management customers to buy their homes again, while also encouraging new customers.
The development of the project is expected to bring potential return on investment and generate higher financial returns for the company and shareholders.