Hong Kong-listed property management firm Sundy Service Group (Sundy Service) announced on 14 September 2026 that it has formally terminated the previously proposed acquisition of a property, a transaction that had been classified as both discloseable and connected. The decision follows the parties’ inability to complete the real estate title transfer because the asset failed to meet purchase conditions set out in the Letter of Intent signed in November 2025.

The company disclosed that negotiations with the vendor have ceased and no binding agreement was executed. Management stated that ending the transaction will not exert any material adverse impact on Sundy Service’s current business, operations or financial position.

The terminated deal had been the subject of a series of announcements dated 19 November 2025, 25 November 2025, 10 December 2025, 15 December 2025 and 6 January 2026. Sundy Service’s board—comprised of four executive directors, including Chairman Ms. Yu Yun, and three independent non-executive directors—approved the termination after trading hours.