AEON (00984) announced that on November 15, 2024, the company (as the tenant) signed a lease agreement to renew the lease for a fixed term of 3 years, from November 16, 2024, to November 15, 2027. The company has been leasing the property since September 16, 2016, and operates retail trade at this location.

The location is at Shop B9, G/F, Jiahao Building, No. 27-31, Hong Lok Road and No. 25-31, Kong King Street, Yuen Long, New Territories, Hong Kong (including the stairway, platform, and escalator leading to the first floor) and the entire first floor unit.

The main business of the group is to operate retail trade through chain stores in Hong Kong and mainland China under the trade names 'AEON STYLE', 'AEON', 'AEON SUPERMARKET', and 'DAISO JAPAN'. Due to the nature of its retail trade, the group needs to lease retail stores from time to time to conduct its retail business. Each retail store, especially large stores like the aforementioned properties, helps maintain the scale of the group's operation, thereby enabling the group to reduce overall operation costs, strengthen its bargaining power with business partners, and expand its store network and market share.

Since September 16, 2016, the company has been renting the property from the owner for the operation of its retail business. As the existing lease agreement will expire on November 15, 2024, the company has signed a lease agreement to extend the lease term of the property to November 15, 2027.