EDA Group Holdings (EDA) has expanded its European footprint after wholly owned subsidiary EDA Cloud GmbH signed a 10-year lease with Henning Conle GmbH & Co. KG for a 13,709.53 m² warehouse and office complex at Weißenburger Street 69/71, Dortmund, Germany.

The agreement, executed on 16 September 2026 and running through 15 September 2036, carries an initial base rent of EUR 76,810 per month. Allowing for an aggregate 1.5-month rent-free period at commencement and a further 1.5 months after the first five years (subject to no early termination), the total base rent is estimated at EUR 9.00 million (RMB 70.20 million) over the full term, excluding value-added tax (VAT) and future consumer price index adjustments.

Operating and heating advances are set at EUR 8,911 and EUR 9,260 per month respectively, bringing the initial total monthly payment to EUR 94,981 before VAT (EUR 113,027.39 including the current 19 % VAT rate). Electricity will be contracted directly by the tenant, while gas costs will be settled via ancillary charges.

EDA will lodge an interest-bearing security deposit of EUR 0.55 million (RMB 4.30 million) and fund all lease obligations from internal resources. Under HKFRS 16, the right-of-use asset arising from the lease is expected to be recognized at approximately EUR 7.40 million (RMB 58.00 million), based on the discounted present value of lease payments.

Because the applicable percentage ratios for the right-of-use asset exceed 5 % but remain below 25 %, the transaction is classified as a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, requiring public disclosure but not shareholder approval.

Management states that the Dortmund facility will operate as a self-run warehouse, reinforcing the company’s goal of building a global logistics network focused on first-mile freight and last-mile fulfillment for cross-border e-commerce originating from mainland China.