Following its announcement to establish a subsidiary in North America, KANGQIAO SER (02205) signed a Memorandum of Understanding (MOU) with U.S.-based AI property diagnostics firm Askitect on December 15, 2025. This collaboration marks a significant milestone for KANGQIAO SER in deepening its global footprint and localizing advanced international technologies and expertise within China's property management and real estate-related services sector.

As an established player in property services, KANGQIAO SER possesses extensive operational experience, large-scale scenarios, and robust data infrastructure in China’s property management industry. The partnership with Askitect leverages the latter’s three core strengths in AI property diagnostics: mature technology systems, proven commercialization experience, and specialized team resources. Together, the companies aim to integrate their complementary capabilities to drive service innovation, delivering smarter, more efficient, and comfortable living experiences for customers.

This cross-border collaboration will facilitate the systematic deployment of Askitect’s expertise and technology in the Chinese market while jointly developing AI-driven vertical solutions and data platforms tailored for both U.S. and Chinese real estate and property management sectors. The initiative supports KANGQIAO SER’s strategic transformation from a traditional property service provider to a "smart living and urban service operator."

Under the MOU, the two parties will deepen cooperation across multiple dimensions, combining R&D innovation with existing business operations to create mutual value. Key areas include:

1. **Integration of Askitect’s Expertise**: A joint task force will be formed, with Askitect’s core team contributing to product development, capability transfer, and solution design for KANGQIAO SER’s China operations. Askitect will share its U.S. business capabilities, including: - AI-powered photo/video property diagnostics and technical frameworks. - Standardized property assessment methodologies. - House VIN (Health Profile) system design. - Implementation experience in U.S. real estate, finance, and insurance sectors.

2. **Localized AI Applications in China**: KANGQIAO SER will provide real-world property management scenarios, such as inspection workflows, maintenance requests, and homeowner services, to train and deploy localized AI solutions. Focus areas include: - AI-driven property inspections and risk assessments. - Home health diagnostics and decision-support tools for homeowners. - Structural risk evaluations for aging residential communities. - Data capabilities for asset management and financial risk control.

3. **Data and Model Synergies**: Both parties commit to aligning data structures, diagnostic logic, and model frameworks across markets, with House VIN recognized as a long-term core data asset.

The partnership aligns with China’s national policy to "proactively develop future industries," as outlined in the 15th Five-Year Plan. By combining services and technology, KANGQIAO SER and Askitect exemplify the intelligent and global transformation of real estate services.

For KANGQIAO SER, this collaboration extends its AI capabilities in property-related services, building on prior successes with strategic partners like Hikvision. The companies also plan a share-swap arrangement, enabling KANGQIAO SER to gain control and consolidate Askitect’s financials while supporting its independent growth and potential U.S. IPO.

KANGQIAO SER clarifies that the MOU reflects preliminary intentions, with formal agreements to follow.