Integrated Waste Solutions Group Holdings Limited's subsidiary, IWS Promotion, is set to surrender its lease agreement with the Hong Kong Science and Technology Parks Corporation (HKSTP) at no cost. The decision was made to prevent potential negative impacts on the Group and to avoid any enforcement actions by HKSTP. The premises, located in Tseung Kwan O Industrial Estate, include a 4-storey industrial building serving as a comprehensive waste recovery center. This facility has been integral to the subsidiary's operations, including trading recovered paper and materials, providing confidential materials destruction services, manufacturing recycling plastic pellets, and offering logistics services in Hong Kong. The Board of Directors considers the terms of the agreement fair and reasonable, aligning with the company's interests.
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