Core Viewpoint - Tang Palace China (01181) has announced a new lease agreement for a property in Chengdu, ensuring the continuation of its restaurant operations under the "Tang Palace" brand, which is crucial for its strategic positioning in the market [1] Group 1: Lease Agreement Details - The new lease agreement is set for a duration of 10 years and 4 months, starting from October 27, 2025, to February 26, 2036 [1] - The property is currently leased under an existing agreement that will expire on October 26, 2025 [1] Group 2: Strategic Importance - The property serves as a cornerstone for the brand strategy and holds a key position in the overall business layout of the company [1] - The board believes that renewing the lease demonstrates the company's long-term commitment to the Chengdu market [1] Group 3: Financial Performance and Future Planning - The Chengdu flagship store has consistently been profitable, making the lease renewal decision align with the company's strategic development needs [1] - This long-term lease decision will help the company consolidate existing customer loyalty and brand influence, providing a stable foundation for business planning and property investment [1]
唐宫中国附属与四川首座订立新租赁协议以在成都经营餐饮业务