BEXCELLENT GP (01775) announced that on December 19, 2025, its indirect wholly-owned subsidiary, JR (YL) LIMITED, entered into a lease agreement with the property owner, Summit Development Limited. Under the agreement, the owner agreed to lease, and the tenant agreed to rent the premises for a term of four years and sixteen days, from March 16, 2026, to March 31, 2030 (inclusive), with an option to renew for an additional three years from April 1, 2030, to March 31, 2033 (inclusive).

The fixed monthly rent for the property is HK$600,000 (excluding government rent, rates, management fees, and air-conditioning expenses). The leased premises consist of Shop G on the ground floor, the mezzanine, and the 1st, 2nd, and 3rd floors of Kam Ho Building at 49-63 Castle Peak Road, Yuen Long, New Territories, Hong Kong.

The Board of Directors considers the lease agreement a strategic move that will significantly benefit the Group's growth and market positioning. This decision is based on a clear blueprint aimed at capturing emerging opportunities, enhancing service offerings, and creating sustainable value. Key strategic advantages include: - Leveraging established campuses for synergistic growth; - Utilizing advanced infrastructure to enhance competitiveness; - Strategic expansion to capitalize on market growth; - Providing high-quality and flexible educational pathways; - Addressing policy-driven demand for private education; - Achieving tangible scale and increasing shareholder value.