Desun Real Estate Investment wins 15-year lease for Chengdu Hongcang Huatian Mansion project, values right-of-use asset at RMB 316.02 million

• Desun Real Estate Investment Services won a tender for the Hongcang Huatian Mansion project in Chengdu, triggering a 15-year lease transaction.
• Lease covers 119,846.49 sq.m. at No. 1 Minxing Second Road, Chenghua District, intended for an AI gaming digital industrial park.
• HKFRS 16 recognition implies right-of-use assets valued at about RMB 316.02 million, classed as investment properties on initial recognition.
• Total rent over the 14-year rent-charging period estimated at at least RMB 451.81 million, with a 12-month rent-free fit-out period.
• Rent starts at RMB 38-51 per sq.m. per month for space types, with a 3% step-up every two years; deal treated as a major transaction.

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 regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260623-12212465), on June 23, 2026, and is solely responsible for the information contained therein.