Zhitong Finance App News, Zhenxiong Group (00057) issued an announcement. On March 22, 2024 (after the transaction period), the owner Zhenxiong Industrial Park (Shenzhen) Co., Ltd. (as a lessor) (an indirect wholly-owned subsidiary of the company) signed a lease contract with the lessee Shenzhen Xutai Water Purification Equipment Co., Ltd. (as an independent third party). Based on this, the owner agreed to rent the tenant's property located in Pingshan District, Shenzhen, Guangdong Province, for use in the office, production, parking and open storage, and dormitory staff purposes, subject to the terms and conditions specified therein .

The property is located in Zhenxiong Industrial Park (Shenzhen), the location of the Group's flagship production, sales, distribution and R&D facilities, property management and leasing. The directors believe that rental properties will enable the Group to obtain stable operating income to achieve overall commercial benefits, while increasing the utilization rate of properties in Zhenxiong Industrial Park (Shenzhen). The collection of rental income will help increase the Group's working capital and enhance shareholder returns, which is in the overall best interests of the company and its shareholders.