Sino Land Company Limited announced that its business Earn Extra and its indirectly non-wholly-owned subsidiary Jetexcel Limited have renewed the lease contract for the property in Hysan Place, Causeway Bay, Hong Kong. The new lease was signed on October 28, 2024, for a period of 18 months. The monthly rent for the new lease is HK$3,846,480, with a management fee of HK$524,083 per month, and can be adjusted according to Earn Extra's notice. The new lease will start from November 1, 2024, and end on April 30, 2026. This transaction falls under the continuous connected transaction under rule 14A.76(2) of the Listing Rules and complies with the disclosure, reporting, and annual review requirements, but is exempt from the requirements of circular, independent financial advice, and...Show More

Sino Land Company Limited announced that its business Earn Extra and its indirectly non-wholly-owned subsidiary Jetexcel Limited have renewed the lease contract for the property in Hysan Place, Causeway Bay, Hong Kong. The new lease was signed on October 28, 2024, for a period of 18 months. The monthly rent for the new lease is HK$3,846,480, with a management fee of HK$524,083 per month, and can be adjusted according to Earn Extra's notice. The new lease will start from November 1, 2024, and end on April 30, 2026. This transaction falls under the continuous connected transaction under rule 14A.76(2) of the Listing Rules and complies with the disclosure, reporting, and annual review requirements, but is exempt from the requirements of circular, independent financial advice, and independent shareholder approval. Sino Land Company Limited stated that the new lease will help increase the company's property cash flow and value, aligning with the company's strategy. The Board of Directors (including independent non-executive directors) believes that the terms of the new lease are fair and reasonable, in line with the overall interests of the company and shareholders.