FAR INTL (02516) announced that in June 2025, the buyer Hangzhou Far International Logistics Co. Ltd (an indirect wholly-owned subsidiary of the company) and the seller Hangzhou Xinyi Real Estate Co. Ltd entered into six separate pre-sale contracts (supplemented by supplemental agreements) to acquire properties located in Hangzhou, China, for a total consideration of RMB 52.3233 million.

The properties belong to a building named Xinming Yue Ming Zuo Building No. 2 (the Building), which is currently under construction on a plot of land located in Gongshu District, Hangzhou, China. The Building has a total of 6 floors, including 5 floors above ground and 1 basement level, and can be used for commercial and office purposes. The Building obtained a pre-sale permit issued by the Hangzhou Housing Security and Real Estate Administration in March 2025.

The subject matters of the pre-sale contracts include Unit 1 of Xinming Yue Ming Zuo Building No. 2, Unit 201 of Building No. 2, Unit 301 of Building No. 2, Unit 401 of Building No. 2, Unit 501 of Building No. 2, and parking spaces No. 01 to 03 and No. 05 to 08 of Building No. 2.

Upon completion of the pre-sale contracts, the properties will be used as the group's future offices. Currently, the company's headquarters located at Room 201, Hangzhou Cross-border E-commerce Industrial Park, No. 22 Changcheng Street, Gongshu District, Hangzhou, Zhejiang Province, China is a leased property.

Given that real estate prices in China are currently relatively low, the company believes this presents a good opportunity for the group to acquire its own properties for use as group offices, which can effectively reduce the group's future monthly rental expenses and cash outflows in the long term.