According to the Zhitong Finance App, Guonong Financial Investment (08120) issued an announcement. On March 30, 2023, the tenant (Le Peier Education Institution Co., Ltd., an indirect non-wholly owned subsidiary of the company) and the owner (Ultra Shang Co., Ltd.) entered into a lease agreement for such properties. The lease period was from August 1, 2023 to July 31, 2026 (including the first and last two days), for a period of 3 years to operate group schools to provide kindergartens and preschool education. The total value of cost payments during the rental period was HK$6.66 million (excluding government rates, air conditioning charges, management fees and lift maintenance expenses).

According to reports, these properties are located on the ground floor of Shop B, 1st floor and 2nd floor of Nian Fung House, No. 65A, 65B, 65C and 65D, Waterloo Road, Kowloon, Hong Kong, China.