Simplicity HLDG (08367) Subsidiary to Lease Office Property in Shenzhen for HK$1.7 Million

Stock News11-14

Simplicity HLDG (08367) announced on November 14, 2025, that its indirect wholly-owned subsidiary, Huangding Zhilian Supply Chain (Shenzhen) Co., Ltd. (Huangding, as the tenant), entered into a lease agreement with China Resources Land Qianhai (as the landlord) for office premises. The lease term spans three years, from November 15, 2025, to November 14, 2028 (inclusive), designated for Huangding's office use.

The total estimated cost under the lease agreement is approximately HK$1.7 million, excluding government rates, management fees, air-conditioning charges, and utility expenses. The monthly rent for the entire lease period is HK$56,000.

The property is located at Units 01A, 11, and 12, 13th Floor, Office T5, China Resources Qianhai Financial Center, 5035 Menghai Avenue, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, with a total area of 341 square meters.

The group primarily operates restaurant businesses in Hong Kong and intends to expand its presence in mainland China. The directors believe the property is strategically located for office purposes. The lease terms, including rental rates, were negotiated fairly between Huangding and China Resources Land Qianhai, taking into account prevailing market rates and comparable lease terms for similar properties in the vicinity.

The directors consider the lease agreement and its terms fair and reasonable, aligning with the overall interests of the company and its shareholders.

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