Desun Real Estate Investment Services Group Co., Ltd. (Stock Code: 2270) announced that Chengdu Desun, its wholly owned subsidiary, entered into five termination agreements on 21 October 2025 with multiple debtors and vendors, leading to the return of 652 parking spaces. According to these agreements, the debtors will make an aggregate payment of RMB22.52 million to Chengdu Desun. The parking spaces in question were originally acquired to offset trade receivables.

The announcement indicates that following these returns, none of the parking spaces transferred under the earlier debt settlement agreements remain under the Group. The highest applicable percentage ratio under Chapter 14A of the Listing Rules surpasses 0.1% but remains below 5%, subjecting the transactions to reporting and announcement requirements without the need for an independent shareholders’ circular or approval.

The principal reason cited for the arrangements is to enhance the Group’s cash flow by accepting debt repayment in cash. The announcement also states that the Board considers the terms fair, reasonable, and beneficial to the company and its shareholders as a whole.