Core Viewpoint - Tang Palace China (01181.HK) has signed a new lease agreement for a property in Chengdu, extending its restaurant operations under the "Tang Palace" brand, demonstrating a long-term commitment to the Chengdu market [1] Group 1 - The new lease agreement is for a duration of 10 years and 4 months, starting from October 27, 2025, to February 26, 2036 [1] - The property is located on the second floor of the Renaissance Hotel at 48 Renmin South Road, Section 4, Wuhou District, Chengdu, Sichuan Province, China [1] - The current lease agreement will expire on October 26, 2025, and the new agreement allows the company to continue its restaurant operations at this key location [1] Group 2 - The board believes that renewing the lease reflects the company's long-term commitment to the Chengdu market [1] - The Chengdu flagship store has been consistently profitable, making the renewal decision align with the company's strategic development needs [1] - This long-term lease decision will help solidify customer loyalty and brand influence, providing a stable foundation for business planning and property investment [1]
唐宫中国(01181.HK)续租成都物业以经营餐饮业务 为期10年