卓悦中心收回KKV商铺使用权，称门店因拖欠业绩租金导致违约

Core Viewpoint - The management of One Avenue shopping center in Shenzhen has officially terminated the lease contract with KKV due to KKV's failure to pay the agreed performance rent, leading to the recovery of the store's usage rights on January 5, 2026 [1] Group 1: Lease Termination and Dispute - One Avenue management stated that KKV has consistently failed to pay the performance rent as stipulated in the lease agreement, which has reached the conditions for exercising the right to terminate [1] - Prior to the termination, the management engaged in multiple rounds of communication with KKV and sent formal notices, but KKV did not fulfill its obligation to vacate the premises [1] - KKV's parent company, KK Group, denied allegations of rent arrears, claiming they have paid rent on time and have no outstanding fees [6] Group 2: Financial Performance of KK Group - KK Group, which owns KKV, reported a revenue growth of 55.5% year-on-year to 4.749 billion in the first ten months of 2023, with an operating profit of 376 million [7] - The company's revenue growth slowed from 2020 to 2022, with revenues of 1.646 billion, 3.524 billion, and 3.551 billion respectively, and cumulative losses of 703 million over the three years [7] - KK Group has made several attempts to go public, but its prospectus has expired [7] Group 3: One Avenue Shopping Center Overview - One Avenue shopping center opened on September 12, 2019, and is a joint development by three major groups: Jindi, Zhuoyue, and Dabaihui, becoming a new landmark in the Futian CBD [6] - The official data indicates that One Avenue achieved a sales revenue of 6.1 billion in 2024 [6]