Desun Real Estate says offset deal helps accelerate receivables recovery

• Desun Real Estate Investment Services issued a supplemental clarification on its Offset Agreement, framing it as a move to speed recovery of overdue receivables tied to Desun Zhangtai Feili Tianxi project amid stress in China property market.
• Receivables stemmed mainly from accrued property management-related charges and delay-related compensation; collection efforts failed to secure timely payment, leaving balances outstanding.
• Offset converts unsecured receivables into tangible properties of “measurable value,” reducing risk of prolonged delays, legal enforcement costs, or potential non-recovery.
• Property consideration was negotiated with reference to comparable market pricing in project; Desun cited an average listed price of about RMB 13,900 per sq.m. in March 2026, saying its lower cost base provides pricing flexibility on resale.
• Group plans to sell properties to restore liquidity, citing listings on public platforms, use of BEKE distribution, and online marketing such as live-streamed virtual tours.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Desun Real Estate Investment Services Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260514-12159646), on May 14, 2026, and is solely responsible for the information contained therein.