EMPEROR CULTURE (00491): Emperor Cinemas Beijing Signs Lease Agreements for New Theater in Beijing

Stock News
2025/12/15

On December 15, 2025, Emperor Cinemas Beijing (as the tenant) entered into lease agreements with the respective landlords for a new theater located in Beijing, China. Since the leased properties under these agreements are part of the same development project and the landlords are interconnected, with the terms negotiated simultaneously, the transactions under these leases must be aggregated in accordance with Listing Rule 14.22.

The first landlord, Beijing Linlian Property Co., Ltd., is a limited company incorporated in China and primarily engaged in property investment. The second landlord, Beijing Xingtaitonggang Property Co., Ltd., is also a limited company incorporated in China and mainly involved in property investment.

The properties include: - The first property under the initial lease agreement, located in Shop Nos. L4 and L5 on the 4th and 5th floors of the INDIGO Mall (part of the Taikoo Li Sanlitun development). - The second property under the secondary lease agreement, situated in Shop No. WL301 spanning the 2nd to 4th floors of Taikoo Li Sanlitun.

The terms and conditions of the leases—including base rent and percentage turnover rent (where applicable)—were negotiated on an arm’s-length basis, taking into account (i) existing leases for the group’s other theaters and (ii) the characteristics of the properties, such as location, lease duration, screen and seating capacity, and projected footfall.

The board considers the lease terms fair and reasonable, with the transactions conducted in the ordinary course of business under normal commercial terms, aligning with the interests of the company and its shareholders.

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