Evergrande Property Services: Exclusivity for 51.016% Stake Sale Expires; Talks Persist

Bulletin Express05-19

Evergrande Property Services Group Limited (EVERG SERVICES) disclosed that the exclusivity period governing negotiations for a potential sale of 51.016% of its shares lapsed on 15 May 2026 without renewal.

Despite the expiry, discussions between the controlling shareholders (the “Potential Sellers”) and an unnamed buyer (the “Potential Purchaser”) are ongoing to finalise a definitive sale and purchase agreement. As of the announcement date, no formal or legally binding contract has been executed.

In line with Rule 3.7 of Hong Kong’s Takeovers Code, the company will continue to issue monthly progress updates until either a firm intention to make an offer is announced under Rule 3.5 or a decision is taken not to proceed.

Management reiterated that there is no assurance the talks will culminate in a transaction and advised investors to exercise caution when dealing in the company’s securities.

The statement was authorised by Chairman Duan Shengli and released on 19 May 2026.

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