Xinyuan Property Management Service (Cayman) Ltd. (01895) said the company and Xinyuan Real Estate Holdings have entered into the Car Parking Space Exclusive Sales Cooperation Agreement.
Xinyuan Real Estate Group has agreed to designate the group as the exclusive sales partner of a total of 4,066 designated car parking spaces for the cooperation period and grant the exclusive sales right to the group for the implementation of the arrangement under the exclusive sales cooperation.
The group shall pay Xinyuan Real Estate Group a refundable earnest money of RMB206,783,200 in instalments as the deposit for being such exclusive sales partner and holding the exclusive sales right.