Jingfa Property (01354) plans to acquire and lease Xi'an properties and parking spaces from Jingfa Real Estate

According to Zhitong Finance App News, Jingfa Property (01354) announced that on December 5, 2025, the company and Jingfa Real Estate entered into such transaction documents. According to this, the company conditionally agreed to acquire a business unit from Jingfa Real Estate; the company conditionally agreed to rent a guarded parking space from Jingfa Real Estate; and Jingfa Real Estate conditionally agreed to transfer the right to use mechanical parking spaces to the company. The total cost was RMB 63.75 million.

The property unit, guarded parking space and mechanical parking space are all located at the property. The address is No. 132 Weiyang Road, Weiyang District, Xi'an, China, within the Xi'an Economic and Technological Development Zone. The property is designated as an office and commercial development complex.

According to the announcement, the Group has been providing property management services for the property and has a full understanding of the current status and potential investment value of the target assets. Considering that the property's strategic location and target assets in Xi'an can generate stable rental income, the company believes that such transactions will benefit the Group because they will diversify the Group's revenue mix and give it greater control over the operation and improvement of the property currently managed.