Zhitong Finance App News,MS CONCEPT (08447)Announced, the Group received it on February 3, 2021Hang Lung PropertiesConfirm the new lease arrangement for the property agreed by Mingli Investment (as tenant), a wholly-owned subsidiary of the company, and Hang Lung Properties (as owner), an independent third party, to renew the lease of the property for a period of two years (including the first and last two days) from February 1, 2021 to January 31, 2023.

The property is Shop C & D on the ground floor, No. 5-7, FashionWalk Gunning Street, Causeway Bay, Hong Kong. The total amount payable under the new lease arrangement is approximately HK$6 million (including management fees and license fees). In addition, a turnover rent calculated based on the total sales turnover for each calendar month exceeding 15% of the monthly basic rent must be paid according to the new lease arrangement. The relevant amount will be disbursed using the group's internal resources.