TASTEGOURMET GP (08371) announced that on January 22, 2026, the Group, through a wholly-owned subsidiary, entered into a new lease agreement with the landlord, Mapletree Investments Private Limited, to open four new restaurants.

The four tentative new restaurants, pending the landlord's final approval, are: (1) Niu Qi; (2) Golden Dragon; (3) Maji Zaoka; and (4) Social Korean.

These four new restaurants will become the Group's: 13th Niu Qi outlet; 3rd Golden Dragon outlet; 4th Maji Zaoka outlet; and the first-ever Social Korean outlet.

Social Korean will be a casual Korean fusion restaurant.

The new restaurants are expected to commence operations in the third quarter of 2026.

The landlord is a globally leading real estate developer and operator of premium shopping malls.

The landlord currently manages 938 properties across 13 markets, including Singapore, the United States, France, Germany, and Japan.

Festival Walk is adjacent to the Kowloon Tong MTR station, serving as a major interchange hub for MTR and bus routes, and features over 200 shops and restaurants, alongside 229,000 square feet of office space.

As one of Hong Kong's upscale shopping centers, the Board believes that opening new restaurants in high-traffic malls like Festival Walk aligns with the Group's operational strategy and serves the best interests of the Company and its shareholders.