Group 1 - Company announced a long-term lease agreement for several properties to operate shopping centers, retail stores, and other commercial uses, effective January 26, 2026 [1] - The leased properties include retail spaces totaling 33,812.46 square meters located in Shenzhen, Guangdong Province, specifically at Jia Hua Ling Yue Plaza [1] - The properties have been completed and are available for use, pending formal opening [1] Group 2 - In 2024, the company plans to open a new shopping center and retail stores in a complex located in Shenzhen, Guangdong Province [2] - The targeted complex has multiple owners and over 100 ultimate beneficiaries, making lease negotiations potentially time-consuming [2] - The company is negotiating lease terms with several owners in the complex, aiming to secure over 10,000 square meters of commercial space through multiple individual lease agreements from June 2024 to December 2025 [2]

Group 1 - The company announced a long-term leasing agreement for several properties to operate shopping centers, retail stores, and other commercial purposes, effective January 26, 2026 [1] - The leased properties include retail spaces located in Shenzhen, Guangdong Province, with a total area of 33,812.46 square meters, which have been completed and are available for use [1] - The company aims to expand its retail network by continuously seeking suitable properties for leasing agreements [1] Group 2 - In 2024, the company plans to open a new shopping center and retail stores in a complex located in Shenzhen, Guangdong Province, with negotiations for leasing terms expected to take time due to multiple owners involved [2] - The company is negotiating leasing terms with several owners within the targeted complex, with individual leasing agreements covering over 10,000 square meters of commercial space expected to be signed between June 2024 and December 2025 [2] - All individual leasing agreements will only take effect after the long-term leasing agreement, which involves approximately 34,000 square meters of commercial space, is established and effective [2]