Regal Real Estate Investment Trust has announced a discloseable transaction involving the extension of the sub-lease for the Regal Airport Hotel. The sub-lease, originally set to expire on 30 December 2028, is held by Bauhinia Hotels Limited, a wholly-owned subsidiary of Regal REIT. The extension is governed by a Letter of Intent, and the net present value of the fixed annual rental payments under the extended sub-lease exceeds 5% but remains below 25%, making it a discloseable transaction under Hong Kong's Listing Rules. The Board, including independent non-executive directors, has confirmed that the terms are fair, reasonable, and in the best interests of unitholders. The transaction is subject to reporting and announcement requirements, but does not require unitholder approval.