Shanghai Industrial Holdings to Book HK$33.86 Million Right-of-Use Asset for Student Hostel Lease

Bulletin Express06-08

Shanghai Industrial Holdings Limited (SIHL) released a supplemental announcement on 8 June 2026 detailing the accounting impact of its previously disclosed connected transaction for the leasing and operation of a student hostel.

Under HKFRS 16, the leased property will be recognised as a right-of-use asset. SIHL estimates the unaudited value of this asset at HK$33.86 million, reflecting the present value of lease payments over the initial lease term discounted at the Group’s incremental borrowing rate, which is benchmarked to prevailing external borrowing costs.

All other terms of the operation lease, first announced on 21 May 2026, remain unchanged.

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