HEVOL SERVICES (06093) intends to sell 100% equity of Guiyang Xinglong Property Management Co., Ltd. for RMB115 million.

HEVOL SERVICES (06093) announced that on November 4, 2026, the company's indirectly wholly-owned subsidiary and Hongfu Ruiying (Guizhou) Information Consulting Co., Ltd. intend to sell 100% equity of Guiyang Xinglong Property Management Co., Ltd. to Mr. Qu Peijun and Guizhou Xingxinlong Property Management Co., Ltd. for a consideration of RMB115 million. It is understood that the target company is mainly engaged in property management services and related value-added services in Guiyang City and other areas of Guizhou Province, China. As of the date of this announcement, the target company manages 29 property management service projects, with a total GFA under management of approximately 11.99 million square meters. The announcement stated that the disposal of the target company is a decision made after strategic consideration, aimed at enhancing the group's operational focus and financial flexibility. The board of directors believes that the disposal is expected to reduce the group's outstanding liabilities through offset arrangements, streamline its corporate structure, and reallocate resources to businesses and regions more aligned with its long-term strategy. By disposing of its equity interest in the target company, the group is able to streamline its business portfolio, thereby concentrating more resources on its principal property management and value-added services. The disposal can also reduce the group's exposure to risks arising from managing a diversified property portfolio, especially amid continued market volatility in the real estate industry. It can mitigate operational complexity and the related management burden, enabling the group to more effectively manage and control operating costs while focusing on quality improvement and technological innovation in its core business. The board of directors believes that the disposal is in line with the group's strategy of streamlining its business portfolio and allocating its capital and management resources more effectively.