POKFULAM (00225) subsidiary signs HKD 3.56 million construction contract to renovate Kowloon Industrial Building.

POKFULAM (00225) announces that on October 15, 2025, its wholly-owned subsidiary, Pao Fu Lam Property, entered into a construction contract with a contractor. According to the contract, Pao Fu Lam Property has commissioned the contractor to carry out several renovation projects for the property, with a contract amount of HK$3.56 million. The property is located at Industrial Building 5B, 1163 Canton Road, Ya Lan Street, Kowloon, Hong Kong. The property is partially owned by City Rich Property (a wholly-owned subsidiary of the company) and by an independent third party. The renovation projects are planned to reinforce the exterior of the property and restore parts of the property to its original state. Pao Fu Lam Property has obtained authorization from City Rich Property and the independent third party owner to enter into the construction contract.