The Elite Group (01775) has entered into a lease agreement for a property located in Hong Kong.

Wisdom Financial News APP, Elite Group (01775) announced that on December 19, 2025, the tenant JR (YL) LIMITED (an indirect wholly-owned subsidiary of the company) entered into a leasing agreement with the landlord Wanfeng Development Limited. According to this agreement, the landlord agreed to lease the property to the tenant, from March 16, 2026 to March 31, 2030 (including the first and last day) for a total of four years and sixteen days, with the option to renew. The fixed monthly rent for the property is HK$600,000 (excluding land rent, rates, management fees, and air conditioning expenses). Starting from April 1, 2030 to March 31, 2033 (including the first and last day), an additional three-year term is available for renewal.