Sunac China (01918) plans to acquire 123 million yuan and now manages 100% of the shares

Zhitong Finance App News, Sunac China (01918) issued an announcement. On August 24, 2026, the buyer Sunac Real Estate Management Co., Ltd. (an indirect wholly-owned subsidiary of the company) signed a sales agreement with the seller Rongzhe Co-Creation Holdings Co., Ltd. According to this, the seller conditionally agreed to sell, and the buyer conditionally agreed to acquire 100% of the shares of the target company Rongshun Investment Co., Ltd. The target company indirectly holds and currently manages 100% of the shares. The price for the acquisition of target shares is RMB 123 million (calculated at the exchange rate of RMB 1 = HK$1.156, equivalent to HK$142 million). The price will be paid by allocating and issuing consideration shares (a total of 260 million new shares of the company) to the seller at the time of delivery.

The number of compensation shares to be allotted and issued to the seller is 260 million new shares, accounting for about 1.30% of the company's issued share capital at the date of this announcement and about 1.29% of the company's issued share capital after all allotted and issued additional consideration shares (assuming that there is no other change in the issued share capital of the company from the date of this announcement to the date of delivery of the acquisition). The issue price of HK$0.547 per share is equivalent to a premium of approximately 0.37% of the closing price of the shares reported on the Stock Exchange at HK$0.545 per share on the date of the sale agreement.

In order to cope with changes in the industry and better adapt to industry trends and policy orientations, the Group will rely on its own resource endowments and competitive advantages to establish “asset management+asset operation” as the direction of strategic transformation and upgrading. Regarding the real estate business, the Group plans to transform and upgrade from a traditional integrated investment and development model to a business model where the two business segments of asset management and project construction and operation management develop independently. Asset management and construction management will independently expand market-based businesses, while also supporting each other's collaborative development.

Today, management focuses on real estate construction and asset management asset-light business development. It has established relevant business system capabilities, and has considerable industry influence and business scale. It has become an emerging force in the field of high-end real estate comprehensive solution services, and has initially formed a business layout with the Yangtze River Delta as the basic market and extended to key regions of the country. Up to now, the scope of management projects has been distributed in Zhejiang, Anhui, Fujian, Shanghai, Jiangsu and other regions. A total of 73 projects have been obtained, with a total contract area of about 8.34 million square meters.

The current management business model is highly compatible with the transformation and upgrading direction of the Group's real estate development business. The acquisition will strengthen the business fulcrum of the Group's real estate sector's strategic transformation and upgrading, and support the implementation of the overall strategic transformation and upgrading. Today, through continuous efforts and accumulation, management has built up the ability and competitive advantage to provide construction and management services to third party owners, and has established a complete management system covering multiple dimensions such as project outreach, daily project management, and team incentives. The acquisition will help the Group to rapidly integrate and enhance the third-party construction and management business development and management capabilities; at the same time, it will also help the current management team to use its professional capabilities and amplify its competitive advantage on a larger platform to achieve better development.