SUNAC SERVICES (01516) Subsidiaries Enter Debt Settlement Agreements with SUNAC Group Companies, Involving Approximately RMB26.26 Million

Stock News01-19 23:02

On January 19, 2026, SUNAC SERVICES (01516) announced that several of its subsidiaries have entered into a series of debt settlement agreements with certain companies within SUNAC Group. According to these agreements, SUNAC Group will transfer a number of parking spaces or properties to the Group to settle equivalent outstanding payments due from SUNAC Group.

The total consideration for these debt settlement agreements amounts to approximately RMB 26.2614 million.

The Group stated that entering into these debt settlement agreements with SUNAC Group enables it to recover a portion of the receivables due from SUNAC Group. This move is beneficial for mitigating the Group's accounts receivable risk and will not have any adverse impact on the Group's cash flow and liquidity.

The Group has prudently selected properties with good marketability and is considering leveraging the market information resources accumulated through its managed projects to accelerate the sales of the target properties.

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