HYSAN DEV (00014) has announced that on April 24, 2026, the owner, a wholly-owned subsidiary of the company, entered into a tenancy agreement with a lessee. Under the agreement, the owner agreed to lease and the lessee agreed to rent the unit, which is a residential unit located in Bamboo Grove Estate with a saleable area of approximately 1,503 square feet, for a term of five years and six months. The lease period runs from April 25, 2026, to October 24, 2031, inclusive of both dates. The tenancy agreement also grants the lessee a purchase option to acquire the unit at a predetermined price. The lessee may exercise this purchase option at its discretion, subject to fulfilling certain preconditions and other terms of the agreement. Bamboo Grove Estate is a residential project developed by the HYSAN Group, situated in the prime location of Kennedy Town on Hong Kong's Mid-Levels. The project comprises six residential blocks, offering a total of 345 residential units and 436 parking spaces. The estate is held by the HYSAN Group for leasing purposes. Starting from August 2025, the HYSAN Group initiated the phased sale of residential units, including this particular unit, in two of the estate's residential blocks, along with a portion of the parking spaces. The tenancy agreement was entered into in the ordinary and usual course of the company's business, with its terms negotiated fairly between the parties. The initial rent for the first 30 months of the lease is HK$76,800 per month, determined with reference to the market rental value assessed by an independent property valuer as of December 31, 2025. Rent for the remaining period of the lease will be reviewed and adjusted according to the mechanism set out in the tenancy agreement, with such reviews permitting only upward adjustments. Regarding the purchase option, the purchase price was determined through fair negotiation between the parties, taking into account the current market prices of comparable high-quality residential properties in the vicinity and the independent property valuer's valuation of the unit at HK$40,000,000 as of December 31, 2025.