Thanks for the clarification Hoolander, that was good.
I had a lot of practice on GY6s and the Linhai 257, which has 2 valve covers, so it was nice to work on the Kymco, which is an awesome machine.
I have a 500 and a 250 Xciting, and the 250 is much easier in that there's plenty of room to work, and the frame's not in the way.
The owner's manual list adjustment intervals at 300, 3000 7000 and 11000 kilometers, but I only opened up the 500 when it started acting up, stalling, low power, hard starting, and sure enough the exhaust valve was about closed completely.
You do need to review the tech manual, but basically you remove the right side cover and the spark plug, then turn the crank with a wrench until the marks line up in the sighting hole and you should be at top dead center.
It's not for the novice, but the design is really good. There are no surprises if you follow procedure. Otherwise you gotta pay someone $80 an hour and hope they read the manual.
If you can do it, you're a damn good Kymco mechanic, and when the scooter runs great, it's a damn good feeling.