LIANHUA (00980.HK) announced that it has entered into a leasing agreement for Jiangwan property in Shanghai with CR Vanguard (as the owner), to be used as a large integrated supermarket, supporting offices, warehouses, and Other commercial purposes. The lease term is for 66 months, with a total leasing amount of approximately 0.1 billion yuan.

The total leased area of the property is approximately 0.029 million square meters, including 4 floors and an underground parking lot, without any rent-free period. The unaudited value of the usage rights Assets confirmed by the Jiangwan leasing agreement is approximately 87 million yuan.