New World Department Store China Limited announced that its wholly-owned subsidiary, NWDS Shanghai Huiying, has entered into a Supplemental Lease Agreement with Shanghai Yongyi as the landlord. The agreement pertains to the leased premises and includes, among other terms, an extension of the lease period. The transaction qualifies as a discloseable transaction under Chapter 14 of the Hong Kong Stock Exchange Listing Rules, as the value of the right-of-use asset recognized under the agreement exceeds 5% but is less than 25% of the applicable percentage ratio. The transaction is subject to notification and announcement requirements but does not require shareholders' approval.
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