S.F. Holding Co., Ltd. (06936) disclosed that its 3rd meeting of the 7th Board of Directors, held on 12 March 2026, unanimously approved a related-party transaction involving the renewal of several logistics property leases.

The company’s wholly owned subsidiary will extend lease agreements with a wholly owned unit of SF REIT (2191.HK) for facilities located in Hong Kong, Foshan, Wuhu and Changsha. The aggregate rent over the renewed terms is approximately RMB 0.69 billion, aimed at securing long-term, stable access to key logistics infrastructure.

Voting results showed 5 votes in favor, none against or abstaining, with related director Ho Chit recusing. The transaction had been reviewed and cleared in advance by the company’s independent directors.

Board procedures met all legal and corporate governance requirements, ensuring compliance with Chinese regulations and the company’s articles of association.