AEON STORES (00984) signs a conditional new lease agreement for Huangpu Garden Property

According to the Zhitong Finance App, AEON (00984) announced that on September 7, 2026, the company (as a tenant) signed a new conditional lease to lease such properties for a period of 9 years, from May 1, 2026 to April 30, 2035 (including the first and last two days). The new lease is pending signature by owner Glenfuir Investments Limited (as owner). Once the prerequisites for a new lease have been met, the new lease will supersede all previous statements, arrangements, understandings and agreements between the Company and the landlord relating to such property and/or any tenancy of such property.

Such properties: the ground floor of the commercial platforms of Whampoa Garden Phase 5 and Phase 6 and the first floor of the basement, with a leasable area of about 184,200 square feet.

The Group's main business is to operate retail business under the commercial names “AEON STYLE”, “AEON” and “AEON SUPERMARKET” through chain stores in Hong Kong and China. Due to the nature of its retail business, the Group is required to rent retail stores from time to time to operate its retail business. All retail stores (especially large stores with such properties) help and maintain the Group's operating scale, thereby helping the Group reduce overall operating costs, strengthen the bargaining power of the Group and its business partners, and expand its store network and market share.