Emperor Watch&J (00887.HK) announced that its indirect wholly-owned subsidiary, Emperor Watch&J (Hong Kong), has today (24th) signed a property lease intention letter with Shanghai Commercial Bank.

According to the intention letter, Emperor Watch&J (Hong Kong) will lease the ground floor shop at No. 12 Queen's Road Central, Shanghai Commercial Bank Building, Central, as well as the entire first floor and basement storage room for the operation of a new flagship store. The lease term will be from March 3, 2025 to March 2, 2030, for a period of five years, with a total rent of approximately 91.2 million yuan (excluding management fees, rates, land rent, and utilities).

Emperor Watch&J stated that the signing of the lease intention letter is an opportunity for the group to expand its retail network, aligning with the group's overall business development direction. (js/u)

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