CLASSIFIED GP (08232) Subsidiary Signs Lease Agreement with Hong Kong Housing Authority for Local Property

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CLASSIFIED GP (08232) Subsidiary Signs Lease Agreement with Hong Kong Housing Authority for Local Property

Stock News2025-12-29

On December 29, 2025, tenant Ichiboku Investments (Four Seasons 10) Limited, an indirect wholly-owned subsidiary of the company, entered into a lease agreement with the landlord, the Hong Kong Housing Authority, for the property. The lease has a fixed term of three years, commencing on December 29, 2025, and ending on December 28, 2028, inclusive of both dates, for the purpose of operating one of the Group's restaurants. The property is identified as Shop No. 107 in the Kai Chun Mall, Kai Chun Court (Phase 2), Wong Tai Sin, Kowloon, Hong Kong. The Group is principally engaged in the restaurant operation business in Hong Kong. Ichiboku Investments (Four Seasons 10) Limited, as the company's indirect wholly-owned subsidiary, focuses on restaurant operations in the region. The Board of Directors believes that entering into the lease agreement presents a significant opportunity for the Group to expand its restaurant network, aligning with its overall business development strategy.

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