GGITG's subsidiary plans to lease commercial real estate from related parties to invest in the construction of Zhangye GGITG Plaza
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GGITG's wholly-owned subsidiary, Lanzhou Guofang, plans to sign a lease agreement with Zhangye Guofang Real Estate to establish the Zhangye Guofang Plaza commercial complex, with a leased area of 37,266.10 square meters and a lease term of 20 years. Lanzhou Guofang will pay 20% of its gross profit from main business operations as rent and is expected to invest 65 million yuan for decoration and electromechanical installation. This move aims to expand the Hexi market in Gansu Province, enhance market share, promote company development, and benefit all shareholders
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