China Wacan Signs Lease Agreement with Hongville Limited

Deep News2025-10-27

China Wacan (01920) announced that on May 19, 2025 (post trading hours), the company entered into a lease agreement with the owner, Hongville Limited. Under this agreement, the company will rent the property for a monthly rental of HKD 332,500, starting from April 16, 2025, for a period of three years, to serve as its main operating location in Hong Kong.

The property is registered with the Land Registry as Unit 2, 35th Floor, East Block, Cheung Kong Center Phase II, built on Lot No. 8286. The company will relocate its main operating site from Room 9, 2nd Floor, Hang Pang Commercial Centre, 28 Shanghai Street, Jordan, Kowloon, to this new property, effective August 5, 2025. The total floor area of the new property is approximately 3,359 square feet, which is more than five times larger than the previous office. The Board believes that entering into this lease agreement will allow the company to expand its workforce in Hong Kong's main operating location in line with the group's future business development.

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