TANG PALACE's subsidiary signed a new lease agreement with Sichuan's first to operate a catering business in Chengdu

According to the announcement from TANG PALACE (01181), on September 30, 2025, the company's wholly-owned subsidiary Chengdu Weihua (as the tenant) entered into a new lease agreement with an independent third party, Sichuan Shouzuo (as the owner) and Sichuan Shouzuo Branch, regarding the leasing of the property under the current lease agreement. The lease term is ten years and four months, starting from October 27, 2025, to February 26, 2036 (inclusive of both dates), for the purpose of operating the group's catering business in Chengdu.

The group is currently leasing the property under the existing lease agreement to operate restaurant business under the "TANG PALACE" brand name, and this existing lease agreement will expire on October 26, 2025. The signing of the new lease agreement will allow the group to continue operating the restaurant business at this property, which serves as a cornerstone of the brand strategy and holds a key position in the group's overall business layout. The board believes that renewing the lease for this property demonstrates the group's long-term commitment to the Chengdu market. Given that this flagship store in Chengdu has consistently been profitable, the decision to renew the lease aligns with the group's strategic development needs. This long-term lease decision not only helps the group consolidate existing customer loyalty and brand influence but also provides a stable foundation for long-term business planning and investment in the property