Group 1 - The core announcement involves a settlement agreement between the company's wholly-owned subsidiary, 卓越物业, and 卓越置业, with a total consideration of RMB 363 million [1] - The assets being transferred include 18 properties held for sale in various cities across China, including office units, residential and retail units, parking spaces, and usage rights [1] - Additionally, the agreement includes one property under development in Changsha, Hunan Province, consisting of multiple apartment units [1] Group 2 - The settlement will allow the company to recover a significant portion of overdue trade receivables and other receivables from 卓越集团, thereby reducing credit risk [1] - This transaction is expected to provide the company with a long-term value-added asset portfolio [1]

Core Viewpoint - The company,卓越商企服务(06989), has entered into a settlement agreement with its wholly-owned subsidiary,卓越物业, and卓越置业, involving a conditional transfer of offset assets valued at RMB 363 million [1] Group 1: Settlement Agreement Details - The settlement agreement includes the conditional transfer of 18 properties held for sale by卓越集团 in China, which consist of office units, residential and retail units, parking spaces, and usage rights for residential units, parking spaces, and supporting units located in various cities including Dongguan, Chengdu, Qingdao, Wuhan, Kunming, Tianjin, Guangzhou, Jiaxing, Chongqing, and Shenzhen [1] - Additionally, the agreement covers one property under development in Changsha, Hunan Province, which consists of multiple apartment units [1] Group 2: Financial Implications - The settlement will allow the company to recover a significant portion of overdue trade receivables and other receivables from卓越集团, thereby reducing credit risk for the company [1] - This transaction is expected to provide the company with a long-term value-added asset portfolio [1]