KINGFAR PROPERTY (01354) plans to acquire and lease properties and parking spaces in Xi'an from Golden Development Group.

KINGFARPROPERTY (01354) announced that on December 5, 2025, the company entered into transaction documents with Jingfa Real Estate as follows: the company conditionally agreed to acquire the property unit from Jingfa Real Estate; the company conditionally agreed to lease the civil air defense parking spaces from Jingfa Real Estate; and Jingfa Real Estate conditionally agreed to transfer the right to use mechanical parking spaces to the company, for a total consideration of RMB 63.0075 million. The property unit, civil air defense parking spaces, and mechanical parking spaces are all located in the property at 132 Weiyang Road, Weiyang District, Xi'an, China, within the Xi'an Economic and Technological Development Zone. The property is designated for office and commercial development complex. The announcement stated that the group has been providing property management services for the property and has a full understanding of the current situation and potential investment value of the target assets. Taking into account the strategic location of the property in Xi'an and the ability of the target assets to generate stable rental income, the company believes that the transaction will be beneficial to the group as it will diversify the group's income portfolio and give it greater control over the operation and improvement of the property it currently manages.