LAI SI ENT (02266) subsidiary plans to acquire a property in Kowloon, Hong Kong.

ANNOUNCEMENT: LAI SI ENT (02266) announced that on January 9, 2025, the buyer Nice Contracting Limited (an indirect wholly-owned subsidiary) and the seller Wealthy Development Limited entered into a sales agreement. Under this agreement, the seller agreed to sell and the buyer agreed to acquire the property at a price of HK$10,357,500. The property is located at Unit 1, 7th Floor, 121 One Two One, King Lam Street, Cheung Sha Wan, Kowloon, Hong Kong. It is a commercial property with a total floor area of approximately 1566 square feet. The property is currently vacant. According to the sales agreement, the property will be delivered in its vacant condition upon completion.