Hong Kong – Wing Tai Properties Limited (Wing Tai PPT) released a supplemental announcement on 4 August 2026, providing additional data on the renewal of its Continuing Connected Transactions under new Operating and Licence Agreements involving Lanson Place Malaysia and Lanson Place Hong Kong.

The agreements succeed the Previous Operating and Licence Agreements that covered 1 August 2023 to 31 July 2026. During that three-year term, Management and Licence Fees from the two Lanson Place entities totalled HK$6.72 million, broken down as follows: HK$0.55 million (Aug–Dec 2023), HK$2.00 million (FY 2024), HK$2.64 million (FY 2025) and HK$1.53 million for the unaudited seven-month period to 31 July 2026.

For the renewed arrangements, Wing Tai PPT has set four annual caps at HK$1.60 million, HK$3.60 million, HK$3.70 million and HK$2.10 million respectively. These limits reflect:

1. The historical fee trajectory recorded under the previous agreements. 2. An improving room-rate and occupancy trend driven by rising Chinese mainland visitor numbers. 3. Forecasts for room rates and occupancy at the serviced suites. 4. Benchmark revenue data from comparable Malaysian properties cited in publicly available research. 5. Expected movements in the Malaysian Ringgit versus the Hong Kong dollar.

The Board views the renewed Operating and Licence Agreements as strategically positive: they secure fee income streams from hospitality management and brand licensing, assure continuity of services to the 50%-owned joint venture’s serviced suites in Malaysia, and reinforce the Group’s hospitality presence across Asia.

The announcement was authorised by Company Secretary & Group Legal Counsel, Mr. Chung Siu Wah, Henry, on behalf of the Board.