Beijing Electric Machinery Co., Ltd. (00187.HK) announced that it has leased the property "Beiren equipment" held by the controlling shareholder "Beijing Electric" for office purposes for a period of three years from May 1, 2022 to April 30, 2025. The rent payable by the company in the first year of the lease is 2.55 yuan per square meter of construction area per day (the same below), and the annual rent increases by 2% from the second year on the basis of the previous year. The property is located in Rongchang East Street, Beijing Economic and technological Development Zone, with a construction area of 1102 square meters.
In addition, the company has entered into a contract with Beiren equipment for entrusting decoration, and Beiren equipment will carry out the necessary decoration of the property before the company enters the property, and the cost is tentatively set at 1.668 million yuan.