Regina Miracle International (Holdings) Limited (Stock Code: 2199) announced several updates to its property leasing arrangements in Zhaoqing. The group has terminated certain previous agreements and signed new or supplemental leases with entities connected to its controlling shareholder, Mr. Hung, thereby constituting connected transactions under Chapter 14A of the Listing Rules.

According to the announcement, the company and RM Technology mutually agreed to terminate the 2025 RM Innovative Factory (Phase II) Leasing Agreement with retrospective effect from 1 November 2025, releasing both sides from associated obligations. In place of a previously signed lease that was underutilized, RM Technology and Lijing RM, a wholly-owned subsidiary of the group, entered into the Supplemental 2025 Lijing RM Factory (Phase II) Leasing Agreement. Under this agreement, premises totaling around 15,000 square meters are leased for one year, starting retrospectively on 1 November 2025, at a monthly rent of RMB300,000.

Additional new agreements were also signed on 27 November 2025. Lijing RM agreed to lease a particular factory floor from RM Technology for one year, effective 1 November 2025, at a monthly rent of RMB192,000. Another group subsidiary, RM Inno-profit, entered into a one-year lease from 1 December 2025 at a monthly rent of RMB1,736,969.40 for certain factory buildings measuring approximately 86,848.47 square meters. Lijing RM also leased further factory and dormitory space from RM Technology for one year beginning 1 December 2025, with a monthly rent of RMB836,691.80.

These leasing transactions were negotiated on arm’s length terms and are intended to support the group’s production relocation strategy from Shenzhen to Zhaoqing, aiming to enhance manufacturing capacity. Since the landlords are entities indirectly owned by Mr. Hung, the transactions are considered connected transactions, with the aggregated highest percentage ratio exceeding 0.1% but remaining below 5%. Consequently, they are subject to reporting, annual review, and announcement requirements, but exempt from circular and independent shareholders’ approval. Mr. Hung abstained from voting on the board resolutions approving these leases.