Ling Yue Services Group Limited (stock code: 2165) announced a renewal of continuing connected transactions with Leading Holdings Group Limited (stock code: 6999). The current 2023 property management services framework agreements will expire on 31 December 2025. Consequently, on 15 November 2025, new agreements were entered into with Leading Holdings and Mr. Liu, spanning 1 January 2026 to 31 December 2028.

Under the new framework, Ling Yue Services will continue to provide on-site management and other property management services for properties owned or used by the Leading Holdings Group and certain associates of Mr. Liu. The proposed annual caps for Leading Holdings amount to RMB97 million, RMB122 million, and RMB130 million for 2026, 2027, and 2028, respectively. Meanwhile, caps for Mr. Liu’s relevant associates stand at RMB8.2 million, RMB11.4 million, and RMB13.4 million over the same period, bringing the aggregated caps to RMB105.2 million, RMB133.4 million, and RMB143.4 million.

As Leading Holdings is considered a connected person of Ling Yue Services, and Mr. Liu is an ultimate controlling shareholder, the agreements constitute continuing connected transactions subject to reporting, annual review, announcement, and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. An extraordinary general meeting will be convened to seek approval for these transactions (including the proposed annual caps). A circular containing details of the agreements and a letter of advice from the independent financial adviser will be available on or before 30 November 2025.