PACIFIC LEGEND (08547): Zhelai Technology and Shiyi Enter into a Warehouse Services Agreement for Warehouse Services

PACIFIC LEGEND (08547) announces that on September 1, 2025, Zhelai Technology (as lessee) and Shiyi (as lessor) entered into a warehouse services agreement for warehouse services. The property is Unit 02, 6th Floor, One Two One, 121 King Lam Street, Cheung Sha Wan, Kowloon, Hong Kong. The total rent was arrived at through fair negotiation with reference to the market rent and/or service fees of similar properties/warehouse services. To ensure long-term stable warehouse services, so as to avoid relocation costs and the uncertainty and fluctuation of service fees, the monthly fee is calculated at a fixed amount over 15 years, and the total rent has been fully settled by the Group's internal financial resources at the time of signing the agreement. The Directors believe that the terms and conditions of the agreement are fair and reasonable, and that the transaction is conducted on normal commercial terms in the ordinary and usual course of business and is in the overall interests of the Company and its shareholders.