Alpha Enterprise (00948) subsidiary leases Hong Kong property.

Alpha Enterprise (00948) announces that on 23 September 2026, the tenant (Sam Tai Consolidation Company Limited, an indirectly wholly-owned subsidiary of the Company) entered into the tenancy agreements with the landlord (Shan Pak Properties Limited) in respect of the lease of a portion of the property for a term of two years. The property refers to a multi-storey industrial building located at 150-164 Texaco Road, Tsuen Wan, New Territories, Hong Kong, known as United Cargo Centre. The property under Tenancy Agreement I comprises the entire floors of 7th to 12th floors and 20th floor of the property, together with three lorry parking spaces and three private car parking spaces. The property under Tenancy Agreement II comprises Rooms 11 to 17 on the 13th floor of the property. The Group is principally engaged in, among other things, the provision of warehousing and logistics services, and has been leasing a portion of the property to operate the relevant business segment. The Board considers that renewal of the lease of a portion of the property is beneficial to avoiding relocation costs and unnecessary disruption to its warehousing and logistics services business. In addition, the rent payable under the tenancy agreements was determined by the landlord and the tenant with reference to the then prevailing market conditions, the rental levels of comparable properties in the vicinity of the property and past transaction amounts.