SDITC (01697) intends to lease the property and parking spaces.

date
18:18 29/04/2026
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GMT Eight
Shandong Guoxin (01697) announced that on April 29, 2026, the company entered into a leasing contract with Jinan Luxin Asset Management Co., Ltd., including a property leasing contract and a parking space leasing contract. According to the leasing contract, Luxin Asset agrees to lease and the company agrees to rent the relevant properties and parking spaces. The relevant properties are located at the intersection of Olympic West Road and Liberation East Road in Lixia District, Jinan City, Shandong Province, China, in certain areas on the ground floor, second floor, 13th floor, and 32nd to 35th floor of Tower A of Jinding Center.
SDITC (01697) announced that on April 29, 2026, the company entered into a lease agreement with Jinan Luxin Asset Management Co., Ltd., including a property lease agreement and a parking space lease agreement. According to the lease agreement, Luxin Asset agreed to lease the property to the company, and the company agreed to lease the property and parking spaces. The property is located in Jinan City, Shandong Province, at the intersection of West Olympic Road and East Liberation Road in the Lixia District, in the A Tower of Jinding Center, comprising part of the first floor, part of the second floor, part of the 13th floor, and the 32nd to 35th floors. The company has been leasing part of A Tower as its headquarters business premises since May 1, 2022, with a total lease area of 12,060.72 square meters and 200 parking spaces. The lease term is four years, until April 30, 2026. A Tower is located in the core area of the central business district of Jinan City, in a bustling and conveniently located area with a concentration of licensed financial institutions including banks, securities, and insurance companies, attracting a large number of market elements and professional service agencies to form a financial ecosystem and industrial synergy effects. In addition to location and cost considerations, after observing for four years, the company believes that the office space in A Tower can meet the needs of employees, investors, trading partners, and other stakeholders for office space and communication, as well as the office needs of the company's employees. After four years of operation in A Tower, investors and trading partners are already familiar with the office location, and renewing the lease is beneficial for maintaining business continuity, employee stability, and the company's brand image. Furthermore, the company has customized and renovated the infrastructure of the leased space in A Tower according to financial industry standards, and the cost and risk of relocation and resetting are high. Based on these reasons, the company believes that entering into a lease agreement to renew the lease of the property in A Tower is more cost-effective for the company.