Fairwood Hold announced on June 29th, 2024 that its wholly-owned subsidiary, Daikwok Fast Food Limited, has signed a preliminary agreement with the seller, Mamyuk Group Limited, agreeing to acquire a non-residential property located at No. 242 Choi Yee Garden, Kowloon, Hong Kong for HKD 62,880,000. The total floor area of the property is approximately 3,588 square feet and is currently leased by the buyer for operating a fast food restaurant, with a lease term until March 3rd, 2025. The applicable percentage of this acquisition exceeds 5% but is less than 25%, and according to Chapter 14 of the Listing Rules, it needs to be disclosed. The acquisition will be paid through the company's internal resources and is expected to complete on or before August 28th, 2024. The Board of Directors believes that the terms of this transaction are fair and reasonable, helping the company to acquire its own operational location and maintain its competitive advantage.

Fairwood Hold announced on June 29th, 2024 that its wholly-owned subsidiary, Daikwok Fast Food Limited, has signed a preliminary agreement with the seller, Mamyuk Group Limited, agreeing to acquire a non-residential property located at No. 242 Choi Yee Garden, Kowloon, Hong Kong for HKD 62,880,000. The total floor area of the property is approximately 3,588 square feet and is currently leased by the buyer for operating a fast food restaurant, with a lease term until March 3rd, 2025. The applicable percentage of this acquisition exceeds 5% but is less than 25%, and according to Chapter 14 of the Listing Rules, it needs to be disclosed. The acquisition will be paid through the company's internal resources and is expected to complete on or before August 28th, 2024. The Board of Directors believes that the terms of this transaction are fair and reasonable, helping the company to acquire its own operational location and maintain its competitive advantage.