CHINA WACAN (01920) Enters Lease Agreement with Hongville Limited

Stock News2025-10-24

CHINA WACAN (01920) announced that on May 19, 2025 (after trading hours), the company entered into a lease agreement with Hongville Limited, the property owner. Under the terms of the agreement, the company will lease the property for a monthly rent of HKD 332,500, for a period of three years starting from April 16, 2025, to serve as its primary business location in Hong Kong. The property is registered with the Land Registry as Unit 2, 35th Floor, East Tower, Cheung Kong Group Centre Phase II, situated on Lot No. 8286 (with a total floor area of approximately 3,359 square feet). The company will relocate its principal business office from Room 9, 2nd Floor, Hengbang Commercial Center, 28 Shanghai Street, Jordan, Hong Kong, to the new property, effective August 5, 2025. The new property has a total floor area that is more than five times larger than the former office. The board of directors believes that entering into this lease will allow the company to expand its workforce at its main Hong Kong location in line with the group’s future business development plans.

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