Tao Heung Clarifies Tenancy Agreement Details

Tao Heung Holdings Limited (HK:0573) has released an update.

Tao Heung Holdings Limited has provided further details on their 2024 Master Tenancy Agreement with Dongguan Tian Yao, clarifying that the agreement includes both one-off and continuing transactions, with variable lease payments treated as expenses in profit and loss accounts. The company highlighted the financial impacts and compliance aspects under the Listing Rules, noting that certain percentage ratios exempt them from requiring shareholder approval. Additionally, historical and projected variable lease payments were revised and disclosed for specific financial periods.

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