KINGFAR PROPERTY (01354) announced that on December 5, 2025, the company entered into transaction agreements with KINGFAR REAL ESTATE. Under the agreements: the company conditionally agreed to acquire property units from KINGFAR REAL ESTATE; conditionally agreed to lease civil air defense parking spaces from KINGFAR REAL ESTATE; and KINGFAR REAL ESTATE conditionally agreed to transfer the usage rights of mechanical parking spaces to the company, with a total consideration of RMB 63.0075 million.

The property units, civil air defense parking spaces, and mechanical parking spaces are all located at No. 132 Weiyang Road, Weiyang District, Xi'an, China, within the Xi'an Economic and Technological Development Zone. The property is designated for office and commercial development purposes.

The announcement stated that the group has been providing property management services for the property and has a thorough understanding of the current condition and potential investment value of the target assets. Considering the strategic location of the property in Xi'an and the stable rental income potential of the target assets, the company believes these transactions will benefit the group by diversifying its revenue streams and granting greater operational and improvement control over the property it currently manages.