Elite Exchange Group (01775) entered into a lease agreement for properties located in Hong Kong

Zhitong Finance App News, Elite Exchange Group (01775) issued an announcement. On December 19, 2025, the tenant JR (YL) LIMITED (an indirect wholly-owned subsidiary of the company) signed a lease agreement with the owner Wanfeng Development Co., Ltd. According to this, the landlord agreed to lease and the tenant agreed to rent such properties for a period of 4 years and 06 days from March 16, 2026 to March 31, 2030 (including the first and last two days). You can choose to renew the lease, from April 1, 2030 to March 31, 2033 (including the first and last two days) Another three years. The fixed monthly rent for these properties is HK$600,000 (excluding ground rent, rates, management fees and air conditioning expenses).

“Such Properties” means Shop G and Penthouse, 1st, 2nd and 3rd floors of Jinhao Building, 49-63 Castle Peak Road, Yuen Long, New Territories, Hong Kong.

The Board believes that entering into leasing agreements for these properties is a strategic move which is very beneficial to the Group's growth and market positioning. The decision was based on a clear blueprint to seize emerging opportunities, enhance our service portfolio, and create sustainable value. The main strategic benefits are expected to be as follows: using established school sites to achieve collaborative growth; using advanced infrastructure to enhance competitiveness; strategic expansion to capture market growth; providing high-quality and flexible education pathways; grasping policy-driven private education needs; achieving tangible scale and enhancing shareholder value.