DEXIN SER GROUP Announces Deqing Kaibo's Additional Capital Injection of 96.91 Million Yuan into Subsidiary

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DEXIN SER Group (02215) disclosed that on September 15, 2025, Shengquan Technology, Zhidaxiaorui, and the target company Dexin Shengquan Property Services Co., Ltd., all indirect non-wholly-owned subsidiaries of the company, entered into a prior capital increase agreement with Deqing Kaibo. Under this agreement, Deqing Kaibo conditionally agreed to invest 10.3 million yuan to subscribe for approximately 4.9% of the enlarged equity in the target company following the prior capital increase. After the initial transaction, Shengquan Technology, Zhidaxiaorui, and Deqing Kaibo held approximately 90.3%, 4.8%, and 4.9% equity in the target company, respectively. The target company remained a non-wholly-owned subsidiary of the group, with the group's stake reduced to about 95.1% after the prior capital increase.

On February 23, 2026, Shengquan Technology, Zhidaxiaorui, and the target company entered into another capital increase agreement with Deqing Kaibo. Under this new agreement, Deqing Kaibo conditionally agreed to invest approximately 96.9124 million yuan to subscribe for about 30.0% of the enlarged equity in the target company. Upon completion, Shengquan Technology, Zhidaxiaorui, and Deqing Kaibo will hold approximately 61.8%, 3.3%, and 34.9% equity in the target company, respectively. The target company will continue to be a non-wholly-owned subsidiary of the group, with the group's stake decreasing to approximately 65.1%.

The net proceeds from the capital increase are intended to be used as operating cash flow to develop the property management business of the target group. The purposes of the capital increase are to provide employees under the ultimate beneficial ownership of Deqing Kaibo with an opportunity to subscribe for shares in the target group and to strengthen the operating capital and cash flow of the target group, thereby improving its financial and cash position. The company believes that the capital increase and the related transactions align with the group's strategic development direction and will help enhance shareholder value.

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