Dexin Service Group: Deqing Kaisi Bo plans to invest approximately 96.91 million yuan additional capital into Dexin Shengquan Property Services

Insight Network News: On the evening of February 23, Dexin Service Group announced that on September 15, 2025 (after trading hours), Shengquan Technology, Zhida Xiaorui, and the target company Dexin Shengquan Property Services Co., Ltd. (all of which are the company’s indirect non-wholly owned subsidiaries) entered into a pre-round capital increase agreement with Deqing Kaisi Bo. According to the agreement, Deqing Kaisi Bo conditionally agreed to invest RMB 10.3 million to subscribe for approximately 4.9% of the enlarged equity of the target company after the pre-round capital increase. Following the completion of the first tranche, Shengquan Technology, Zhida Xiaorui, and Deqing Kaisi Bo respectively held about 90.3%, 4.8%, and 4.9% of the target company’s equity. The target company remains a non-wholly owned subsidiary of the company. After the pre-round capital increase, the group’s equity in the target company was reduced to approximately 95.1%.

On February 23, 2026 (after trading hours), Shengquan Technology, Zhida Xiaorui, and the target company entered into a capital increase agreement with Deqing Kaisi Bo. Under this agreement, Deqing Kaisi Bo conditionally agreed to invest approximately RMB 96.9124 million to subscribe for about 30.0% of the enlarged equity of the target company after the capital increase. Following the completion, Shengquan Technology, Zhida Xiaorui, and Deqing Kaisi Bo will hold approximately 61.8%, 3.3%, and 34.9% of the target company’s equity, respectively. The target company will still be a non-wholly owned subsidiary of the company, and the group’s equity in the target company will be reduced to approximately 65.1%. The company intends to use the net proceeds from the capital increase as operating cash flow to develop the target group’s property management business.

Dexin Service stated that the purpose and goal of the capital increase are (i) to provide employees of the target group, ultimately beneficially owned by Deqing Kaisi Bo, with the opportunity to subscribe for shares in the target group; and (ii) to strengthen the target group’s operating funds and cash flow, thereby helping to consolidate the target group’s financial and cash position. Therefore, the company believes that the capital increase and the transactions under it are in line with the group’s strategic development direction and will help enhance shareholder value.

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