Core Viewpoint - Xinyuan Service (01895) has entered into multiple asset compensation agreements and a leasing agreement, indicating a strategic move to manage receivables and address liquidity issues faced by Xinyuan Real Estate Holdings. Group 1: Asset Compensation Agreements - On November 25, 2025, Xinyuan Technology, a wholly-owned subsidiary of the company, entered into Asset Compensation Agreement No. 1 with a group of companies related to Xinyuan Real Estate, agreeing to transfer properties for a total price of RMB 89.0731 million, with the payment to be offset against prepayments [1] - On the same date, Xinyuan Technology and Beijing Xinyuan Hongsheng entered into Asset Compensation Agreement No. 2 with another group of companies related to Xinyuan Real Estate, agreeing to transfer properties for a total price of RMB 41.07 million, with payment also to be offset against compensation amounts [1] - Additionally, Xinyuan Technology entered into Asset Compensation Agreement No. 3 with Zhengzhou Hangmei, agreeing to transfer properties for a total price of RMB 3.7596 million, with payment to be offset against outstanding receivables owed by Zhengzhou Hangmei [1] Group 2: Leasing Agreement - On November 25, 2025, Xinyuan Technology entered into a 20-year leasing agreement with Tianjin Xinyuan, with rent to be offset against outstanding receivables owed by Tianjin Xinyuan [2] Group 3: Financial and Legal Context - The company believes that Xinyuan Real Estate Holdings is unlikely to repay prepayments, compensation amounts, and outstanding receivables in cash in the short term due to liquidity issues and ongoing litigation and arbitration cases [2] - Further litigation or arbitration against Xinyuan Real Estate Holdings may incur legal costs for the company without guaranteeing effective recovery of the amounts owed [2]
鑫苑服务(01895)附属订立资产抵偿协议