Core Viewpoint - Clinique Holdings (08367) has announced a leasing agreement for office space in Shenzhen, indicating a strategic move to expand its operations in China [1] Group 1: Leasing Agreement Details - The leasing agreement is between Clinique's indirect wholly-owned subsidiary, Huading Zhichain Supply Chain (Shenzhen) Co., Ltd. (as tenant), and China Resources Land Qianhai (as owner) [1] - The lease term is set for three years, from November 15, 2025, to November 14, 2028, with a total estimated cost of approximately HKD 1.7 million, excluding government rates, management fees, air conditioning fees, and utility costs [1] - The monthly rent is HKD 56,000, and the leased property is located at 5035 Menghai Avenue, Nanshan District, Qianhai, Shenzhen, covering a total area of 341 square meters [1] Group 2: Strategic Rationale - The company is engaged in restaurant operations in Hong Kong and aims to develop its presence in China [1] - The board believes that the property is well-located for office use, and the terms of the lease, including the rent, were negotiated fairly based on current market rates and comparable properties in the vicinity [1] - The board considers the leasing agreement and its terms to be fair and reasonable, aligning with the overall interests of the company and its shareholders [1]