According to the Zhitong Finance App, Xie Ruilin (00417) announced that on March 11, 2024, Tse Sui-lin Jewellery (Hong Kong) Limited (a subsidiary of the company), as the tenant and owner, has renewed the Hong Kong lease contract for the property Sun Hung Kai Properties (Sales and Leasing) Agency Limited for a period of three years from April 1, 2024 to March 31, 2027 (including the first and last two days).
According to reports, the property is located at Shops 318 and 319 on the 3rd floor of New Town Plaza Phase I, Shatin, New Territories, Hong Kong.
The property is located in a prime location in Hong Kong and is used as the Group's jewelry store. The directors believe that renewing the lease of the same location will benefit the stable and continuous development of the Group's retail business in Hong Kong. The terms of the Hong Kong tenancy agreement were reached after fair negotiation, and the monthly rent for the rental of the property is determined by reference to the current market rent for similar comparable properties in nearby areas.