XINJI SHAXI plans to participate in the lease bidding for the renewal of the property in Panyu District, Guangzhou
XINJI SHAXI announced that it will participate in the lease bidding for properties in the Panyu District of Guangzhou. The existing lease will expire on May 31, 2026, and the bidding process is scheduled for December 17, 2025. If successful, it is expected that the lease agreement will be signed between December 25 and 31, 2025. XINJI Haotai Hotel Supplies City is the group's second-largest mall, operating since 2007, with land use rights leased since 2006
According to the announcement from XINJI SHAXI (03603), XINJI Haotai Hotel Supplies City (the group's second largest mall) is one of the well-known hotel supplies wholesale markets in Guangzhou, China. The existing lease agreement for the land where XINJI Haotai Hotel Supplies City is located will expire on May 31, 2026, with SVSEC. On October 14, 2025, the Rural Collective Asset Trading Center issued the bidding documents.
The bidding process will take place on December 17, 2025, and applications will be accepted during office hours from October 15, 2025, to December 15, 2025 (i.e., from 9:30 AM to 11:30 AM and from 2:30 PM to 5:00 PM).
If the group is the successful bidder, SVSEC and the group will enter into a lease agreement shortly after the announcement of the bidding results, with the expected signing date being on a business day between December 25, 2025, and December 31, 2025. If the group is not the successful bidder and no written objections or complaints regarding the bidding process are received during the five (5) business days of the announcement period, the deposit paid by the group will be fully refunded without interest within five (5) business days after the end of the announcement period.
The lessor is the Shanghe Village Cooperative Economic Society in Luopu Street, Panyu District, Guangzhou. Property I includes shops located on the land at No. 101 Yingbin Road, Shanghe Village, Luopu Street, Panyu District, Guangzhou, China, with a land area of approximately 70,600 square meters, a vacant land area of approximately 42,100 square meters, and a building area of approximately 60,100 square meters. Property II includes shops located on the land at No. 2 Shanghe Street, Panyu District, Guangzhou, China, with a land area of approximately 22,700 square meters, a vacant land area of approximately 19,200 square meters, and a building area of approximately 7,288.07 square meters.
As the group's second largest mall, XINJI Haotai Hotel Supplies City has been in operation since 2007. The group has been leasing the land use rights from SVSEC for the operation of XINJI Haotai Hotel Supplies City since 2006. If the group becomes the successful bidder and the lease is finalized, the group will continue to operate XINJI Haotai Hotel Supplies City through these properties
