Dai Fast Life Group (Stock Code: 52) announced on 9 April 2024 that it has entered into a new lease agreement with its indirect wholly-owned subsidiary Dai Fast Life and related parties to renew the lease of some of its retail units at Ming Fung Building, Wan Chai, Hong Kong. The new lease agreement is for three years, from April 10, 2024 to April 9, 2027, with the option to renew the lease for three years. The transaction is considered to be a connected transaction as Xinjet is a contact of Mr. Lo Kaiyang, the Company's Executive Chairman and Major Shareholder, and Mr. Lo Fai-cheng, Executive Director and Chief Executive Officer. The estimated value of the right-of-use assets involved in the new...Show More

Dai Fast Life Group (Stock Code: 52) announced on 9 April 2024 that it has entered into a new lease agreement with its indirect wholly-owned subsidiary Dai Fast Life and related parties to renew the lease of some of its retail units at Ming Fung Building, Wan Chai, Hong Kong. The new lease agreement is for three years, from April 10, 2024 to April 9, 2027, with the option to renew the lease for three years. The transaction is considered to be a connected transaction as Xinjet is a contact of Mr. Lo Kaiyang, the Company's Executive Chairman and Major Shareholder, and Mr. Lo Fai-cheng, Executive Director and Chief Executive Officer. The estimated value of the right-of-use assets involved in the new lease agreement is approximately HK$12,353,000, unaudited and subject to change. This transaction is declared and announced in accordance with Chapter 14A of the Listing Rules, but is exempt from compliance with the Circulars and Shareholder Approval requirements. Fast Food has operated a fast-food restaurant in the property since 2003, and the renewal of the lease helps maintain its business and competitive advantage.