According to Zhitong Finance App, Lishi Group Holdings (00526) announced that on April 2, 2024, Lishi Daily Necessities, a wholly-owned subsidiary of the company, and Lishi Electric entered into a lease agreement for the property. The term will be from June 1, 2024 to May 31, 2025 to renew the 2021 lease agreement which will expire on May 31, 2024.
According to reports, the property is a property located at No. 518 Chengxin Road, Investment and Entrepreneurship Center, Yinzhou District, Ningbo City, China. It includes a factory and dormitory, and is the subject of the lease agreement. The monthly rent for the property will be RMB 63.51 million.