Distinct Health inks RMB7.18 million connected lease for new Shenzhen headquarters

Distinct Healthcare Holdings Limited (DISTINCT HEALTH) disclosed that its wholly owned subsidiary, Shenzhen Zhuozheng Ruixiang Management Consulting Co., Ltd. (“Distinct Ruixiang”), signed a five-year lease with connected party Shenzhen Qianhai Hengchang Technology Development Co., Ltd. (“Qianhai Hengchang”) on 13 August 2026.

Under the Qianhai Hengchang Lease Agreement, Distinct Ruixiang will rent approximately 2,496.14 sq m on the 4th floor of Qianhai Hengchang Technology Building, Qianhai, Shenzhen, for relocation of the Group’s mainland China headquarters. The lease runs from 1 September 2026 to 31 August 2031.

Key commercial terms • Rent: RMB 174,729.80 per month from 1 September 2026 to 31 August 2029 (8-month rent-free period); rising to RMB 183,466.29 per month from 1 September 2029 to 31 August 2031 (4-month rent-free period). • Deposit: cash equivalent to two months’ rent. • Right-of-use asset: approximately RMB 7.18 million, calculated as the present value of total basic rentals under IFRS 16.

Regulatory status Because Qianhai Hengchang is indirectly controlled by Fund Resources Investment Holding Group Company Limited, which also indirectly owns substantial shareholder Waterwood DHC Project Ltd, the landlord is a connected person under Hong Kong Listing Rule 14A.13(1). The transaction constitutes a one-off connected transaction. As the highest applicable percentage ratio is above 0.1% but below 5%, the deal requires announcement but is exempt from circular, independent financial advice and independent shareholder approval obligations per Rule 14A.76(2).

Rationale The Group plans to centralise and expand its PRC operations; management determined that the Qianhai Hengchang premises offer suitable floor area, layout and supporting facilities at market-comparable rent levels.

The board, including independent non-executive directors, considers the lease terms fair, reasonable and in the interests of the Company and its shareholders. No director was required to abstain from voting on the approval of the agreement.

Distinct Healthcare currently operates 22 healthcare service institutions in Mainland China and overseas, while Qianhai Hengchang is engaged in property leasing and car-park operations. Fund Resources Investment Holding Group Company Limited is the ultimate beneficial owner of Qianhai Hengchang.