E LIGHTING (HKEX: 08222) has announced that its wholly-owned subsidiary, as the tenant, has finalized the terms of a lease agreement with the landlords Deng Jufang and Zhuang Biyu, who are independent third parties. The agreement is for a retail shop to be used for the Group's retail operations.

The property is located at G/F, 623 Shanghai Street, Kowloon. Given the nature of operating a retail business in Hong Kong, the Group is required to enter into lease agreements for retail premises from time to time.

The leasing of this property is expected to benefit the Group by creating synergies within its retail network. It will also allow the Group to expand its retail footprint, laying a foundation for its long-term future development.