According to the Zhitong Finance App, NetDragon (00777) issued an announcement. On April 24, 2024, Fujian NetDragon (tenant) and Fuzhou 851 (owner) signed a 2024 Civic Center lease agreement for a period of 3 years on the lease agreement for the cultural center.
According to the announcement, the conclusion of the 2024 Civic Center lease agreement is necessary for Fujian NetDragon's continued operation and business growth; it can also provide sufficient office space for the future expansion and development of the Group's business, so it is beneficial to the Group. As the Group's business grows, more office space is needed. The 2024 Civic Center lease agreement will ensure that the Group has enough room to expand its business.