CHINA HANKING (03788): Hanking Ginseng Iron Signs Lease Agreement with Shengtai Property

Stock News2025-12-23

CHINA HANKING (03788) announced that on December 23, 2025 (after trading hours), its indirectly wholly-owned subsidiary Hanking Ginseng Iron (as the tenant) entered into a lease agreement with Shengtai Property (as the landlord) for the rental of properties. The lease term spans three years, from January 1, 2026, to December 31, 2028 (inclusive).

The leased properties are located on the 10th, 20th, 21st, 22nd, and 23rd floors, along with three levels of podium space, in the Hanking Building at No. 227 Qingnian Street, Shenhe District, Shenyang City, Liaoning Province, China.

The terms of the lease agreement, including the payable rent and property management fees, were determined through fair negotiations between the parties, taking into account factors such as: (i) historical rental payments made by the group to the landlord; (ii) current market rental rates for comparable properties in adjacent areas; and (iii) prevailing property management fees charged by independent third-party service providers for similar properties.

The directors (including independent non-executive directors) consider that the lease agreement is entered into on normal commercial terms, with fair and reasonable conditions that align with the overall interests of the company and its shareholders. The agreement was executed in the ordinary course of the group's business operations.

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