Kangqiao Service Group Ltd. announced a change in its use of proceeds strategy, indicating a more cautious approach toward strategic investment and acquisitions in the property services and related sectors. The company stated that it will only consider acquisitions that align with its strategic objectives, valuation standards, and synergy expectations. Due to current economic conditions and the absence of suitable investment opportunities, the Board has decided that further acquisitions would not be the most efficient use of financial resources at this time. Instead, the company plans to focus on improving the utilization efficiency of its unutilized net proceeds to support business development and create long-term value for shareholders. The Board will continue to assess and, if necessary, revise its plans for the use of unutilized net proceeds in response to changing market conditions, and will provide updates through annual and interim reports as well as further announcements as appropriate.