DEXIN SER GROUP (02215): Decin Kaisibo plans to increase capital by approximately 96.9124 million yuan to Deshengshengquan Property Services.

DEXIN SER GROUP (02215) announced that on September 15, 2025 (after trading hours), Sheng Quan Technology, Zhi Da Xiao Rui, and the target company, Dexin Shengquan Property Services Co., Ltd. (all indirect non-wholly owned subsidiary companies of the Company), entered into a pre-round capital increase agreement with Deqing Kaisibo. According to this agreement, Deqing Kaisibo conditionally agreed to subscribe for RMB 10.3 million to purchase approximately 4.9% of the target company's equity after the pre-round capital increase. Following the completion of the first round, Sheng Quan Technology, Zhi Da Xiao Rui, and Deqing Kaisibo will each own approximately 90.3%, 4.8%, and 4.9% of the target company's equity, respectively. The target company will still be a non-wholly owned subsidiary of the Company. After the completion of the pre-round capital increase, the Group's equity in the target company is reduced to approximately 95.1%. On February 23, 2026 (after trading hours), Sheng Quan Technology, Zhi Da Xiao Rui, and the target company entered into a further capital increase agreement with Deqing Kaisibo. According to this agreement, Deqing Kaisibo conditionally agreed to subscribe for approximately RMB 96.9124 million to purchase about 30.0% of the target company's equity after the capital increase. Following completion, Sheng Quan Technology, Zhi Da Xiao Rui, and Deqing Kaisibo will each own approximately 61.8%, 3.3%, and 34.9% of the target company's equity, respectively. The target company will remain a non-wholly owned subsidiary of the Company, and the Group's equity in the target company will be reduced to approximately 65.1%. The Company intends to use the net proceeds from the capital increase for operational cash flow to develop the target group's property management business. The announcement stated that the purpose and objective of the capital increase are (i) to provide employees of Deqing Kaisibo, the ultimate beneficial owner of the target group, with the opportunity to subscribe for shares in the target group, and (ii) to enhance the operating capital and cash flow of the target group, thereby strengthening the financial and cash position of the target group. Therefore, the Company believes that the capital increase and the transactions under it are in line with the Group's strategic development direction and will enhance shareholder value.