Core Viewpoint - Elite Group (01775) has entered into a strategic lease agreement for a property in Yuen Long, Hong Kong, which is expected to enhance the company's growth and market positioning [1][2] Group 1: Lease Agreement Details - The lease agreement is between JR (YL) LIMITED, a wholly-owned subsidiary of the company, and the owner, Wan Feng Development Limited [1] - The lease term is from March 16, 2026, to March 31, 2030, for a total of four years and sixteen days, with an option to renew for an additional three years from April 1, 2030, to March 31, 2033 [1] - The fixed monthly rent for the property is HKD 600,000, excluding land rent, rates, management fees, and air conditioning expenses [1] Group 2: Strategic Benefits - The board believes that entering into this lease agreement is a strategic move that will significantly benefit the group's growth and market positioning [2] - The decision is based on a clear blueprint aimed at seizing emerging opportunities, enhancing the service portfolio, and creating sustainable value [2] - Expected strategic benefits include leveraging established locations for synergistic growth, utilizing advanced infrastructure to enhance competitiveness, strategically expanding to capture market growth, providing quality and flexible educational pathways, capitalizing on policy-driven private education demand, and achieving tangible scale to enhance shareholder value [2]
精英汇集团(01775)就位于香港的物业订立租赁协议