Simplicity Holdings (08367) subsidiary intends to lease office properties in Shenzhen Nanshan District for HKD 1.7 million.

SIMPLICITY HLDG (08367) announced that on November 14, 2025, the company's indirect wholly-owned subsidiary, Huan Ding Zhi Lian Supply Chain (Shenzhen) Co., Ltd. (Huan Ding, as the tenant), entered into a lease agreement with CHINA RES LAND Qianhai (as the landlord) for a period of three years from November 15, 2025 to November 14, 2028 (inclusive of both dates) for office use by Huan Ding. The total rent for the lease agreement is estimated to be approximately HK$1.7 million, excluding government rates, management fees, air conditioning charges, and utility fees. The monthly rent throughout the lease term is HK$56,000. The property is located at Unit 13, Floor 01A, 11, 12 of T5 Office, CR Finance Center, 5035 Dream Coast Avenue, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, with a total area of 341 square meters. The Group is engaged in the restaurant business in Hong Kong and is looking to expand in China. The directors believe that the property is in a prime location for an office space. The terms of the lease agreement (including the rent) were determined through fair negotiations between Huan Ding and CHINA RES LAND Qianhai, taking into consideration current market rents and lease terms of similar properties nearby. The directors believe that entering into the lease agreement and its terms and conditions are fair and reasonable, and are in the overall interest of the company and its shareholders.