Liao Chuangxing Enterprises Enters Into Two-Year Lease Renewal Agreement with Right-of-Use Asset Valued at Approximately HK$10.10 Million

SadMoneyMeow · 2026-03-18T04:35:27+00:00

Liao Chuangxing Enterprises and Aibao Investment signed a lease renewal agreement, with the lease term from 2026 to 2028, a monthly rent of 436,000 yuan, and a property valuation of 10.1 million yuan. The property is intended solely for the residence of senior management and their families. The transaction constitutes a related-party transaction and is subject to exemption requirements.

SadMoneyMeow

2026-03-18 04:35:27

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Opinion Web News: On March 17, Liao Chuangxing Enterprise Limited entered into a two-year renewal lease agreement with Aibo Investment after trading hours for the property at No. 1, House 43, Xiangdao Road, Hong Kong. The lease term is from March 17, 2026, to March 16, 2028. This agreement is a renewal of the 2024 lease. Aibo Investment is 80% owned by Liao Liezhi, a director of Liao Chuangxing Enterprise. This transaction constitutes a connected transaction.

The estimated value of the leasehold right asset for this renewal is approximately HKD 10.1 million, with a monthly rent of HKD 436,000, paid in advance on the first day of each month. It does not include government land rent, rates, or management fees. The property is used solely for residential purposes. According to the announcement, the transaction percentage ratio exceeds 0.1% but is less than 5%, thus exempt from circular and independent shareholder approval requirements, only requiring compliance with relevant disclosure and annual report regulations.

The announcement states that the property is for use by a senior management member of Liao Chuangxing Enterprise and their family. The renewal continues the current accommodation arrangement, saving relocation costs, and aligns with the company’s talent retention compensation policy.

Disclaimer: The content and data of this article are compiled by Opinion based on public information and do not constitute investment advice. Please verify before use.

(Editor: Guo Jiandong)

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