Poly Property Services renews deposit pact, proposes auditor change

Poly Property Services Co., Ltd. announced a new 2026-2028 Deposit Service Framework Agreement with Poly Finance, effective from January 1, 2026, to December 31, 2028. This agreement proposes a maximum daily deposit balance of RMB2,030.0m for each of the three years. As Poly Finance is a connected person, the transaction is a continuing connected transaction, requiring Independent Shareholders' approval at an EGM on December 30, 2025. China Poly Group, holding 72.289% of the company's shares, will abstain from voting.

The company also announced a change in auditors for 2025. Baker Tilly China and Baker Tilly Hong Kong have resigned, effective November 13, 2025. Poly Property Services proposes to appoint BDO China SHU LUN PAN Certified Public Accountants LLP and BDO Limited as the new domestic and overseas auditors, respectively. This appointment will also be subject to Shareholders' approval at the upcoming EGM.