E LIGHTING Subsidiary Enters into Property Lease Agreement

Stock News
05/12

E LIGHTING (08222) announced that its wholly-owned subsidiary, Xifengying Limited, as the tenant, has finalized the terms of a lease agreement with the landlord, Taishi (Hong Kong) Limited, to enter into a lease for a retail store to support the Group's retail operations. The property is located at the ground floor of Guoxiang Building, 637 Shanghai Street. Due to the nature of operating a retail business in Hong Kong, the Group must periodically enter into lease agreements for retail premises. Leasing this property will benefit the Group by creating synergies within its retail network. It will also allow the Group to expand its retail footprint, laying a foundation for long-term future development.

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