SCE Intelligent Commercial Management Holdings Ltd. has announced an extension in the expected timeline for the use of net proceeds raised from its 2021 listing, with the new deadline set for on or before 31 December 2027. The company indicated a continued focus on refining customer experience, strengthening services and engagement, and improving operational efficiency through investment in technology. However, the board noted that current information technology systems are adequate for the company’s operational needs, and, in light of a slowdown in the PRC real estate market, the group will adopt a prudent approach to operations and potential expansion opportunities, particularly in its value-added service segment. Accordingly, the board is considering reallocating unutilised net proceeds to support these strategic directions.

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