Homeland Interactive buys Shenzhen properties for 107m yuan

Homeland Interactive Technology Ltd., through its indirect wholly-owned subsidiary Jiaxiang Weilai, has entered into an agreement to acquire properties in Shenzhen for a total consideration of 107,496,900 yuan. The acquisition, comprising multiple units on the first floor of T2 Qianhai China Resources Financial Center, covers approximately 2,390 square meters of gross floor area. Completion is expected by December 31, 2025.

The acquisition aims to secure long-term office premises for the Group, supporting strategic development and personnel needs, and mitigating rental cost fluctuations. The consideration was determined based on arm's length negotiations, referencing an independent valuation of 131,672,800 yuan as of September 30, 2025, and market conditions. The company will fund the acquisition through internal resources.

For the year ended December 31, 2023, the acquired properties generated rental income of 6.40 million yuan, with a net profit before tax of 0.85 million yuan and a net profit after tax of 0.64 million yuan. For the year ended December 31, 2024, the rental income was 6.39 million yuan, net profit before tax 0.74 million yuan, and net profit after tax 0.63 million yuan.