Ever Reach Group (Holdings) Company Limited (3616) has announced the entry into a 2025 Master Property Management Service Agreement with Hengda Property Management. The new agreement, dated 28 November 2025, will take effect from 1 January 2026 to 31 December 2028. This agreement succeeds the 2022 Master Property Management Service Agreement, which is scheduled to expire on 31 December 2025.

According to the announcement, the agreement stipulates the scope of services that Hengda Property Management will provide to the group, including security, cleaning, and other related support for sales centers, display units, pre-delivery properties, and self-used premises. The company intends to manage the continued demand for these services on normal commercial terms, noting that Hengda Property Management has a “Level II Qualification Certificate for Property Management Enterprise in the PRC” and a track record of delivering consistent quality and efficiency.

The announcement discloses the proposed annual caps for service fees for the three years ending 31 December 2028. These caps were determined with reference to the historical transaction amounts, the expected demand for property management services, and the latest land reserve under development. The Board confirmed that the transactions are fair and reasonable, on normal commercial terms, and in the best interests of the company and its shareholders.

Because Hengda Property Management is wholly owned by Henan Hengda Investment, whose shareholders include directors or family members of major shareholders of the group, the transactions are considered continuing connected transactions under Chapter 14A of the Listing Rules. However, they are subject only to reporting and announcement requirements and are exempt from the circular, independent financial advice, and shareholders’ approval requirements, as they meet the criteria under Rule 14A.101 of the Listing Rules.