Shenzhen Han’s CNC Technology Co., Ltd. (HANS CNC) has entered into 13 property lease agreements with Han’s Laser Technology Industry Group on 30 March 2026, covering factory, office and dormitory space at Han’s Laser Intelligence Manufacturing Center in Shenzhen’s Bao’an District.
The leases, which run mainly from 1 May 2026 to 30 April 2027, involve a total floor area of 82,727.67 m² and 166 dormitory units. Aggregate rent for the contractual periods is set at RMB32.43 million, determined through arm’s-length negotiations and benchmarked against prevailing local market rates—approximately RMB1.60 per m² per day for industrial/office space and RMB0.75 per m² per day for dormitories.
Because each lease term is no longer than 12 months, HANS CNC will apply the short-term lease exemption under IFRS 16, expensing the payments on a straight-line basis rather than recognising right-of-use assets.
Under Hong Kong Listing Rules Chapter 14A, Han’s Laser—holding 73.60% of HANS CNC’s issued shares—is a connected person. The aggregated percentage ratios for the transactions exceed 0.1% but remain below 5%, triggering reporting, announcement and annual review requirements while exempting the deals from independent shareholders’ approval.
Management cites proximity to production facilities, better operational efficiency and reduced commuting costs as primary reasons for selecting Han’s Laser properties. The board, including independent non-executive directors, considers the terms fair, reasonable and in the company’s and shareholders’ interests. Directors linked to Han’s Laser abstained from voting.
To safeguard minority interests, HANS CNC has put in place an internal control framework led by its Audit Committee to monitor pricing, market comparables and compliance with Listing Rules. Annual reviews by independent non-executive directors and external auditors will further assess adherence to connected-transaction requirements.
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