REPUBLIC HC Enters into Lease Agreement with Shenzhen Yuemei Innovation Technology Development

Stock News
Apr 28

REPUBLIC HC (08357) has announced that the group entered into a lease agreement with an independent third party, Shenzhen Yuemei Innovation Technology Development Co., Ltd. (the landlord), on July 1, 2025. The property is located on the 11th floor of the China Merchants Qianhai International Center in Nanshan District, Shenzhen, China, with a total gross floor area of approximately 1,185 square feet. The lessee is the company's indirectly wholly-owned subsidiary, Shenzhen Life Ark Technology Co., Ltd., which is primarily engaged in healthcare and related services in China. The lease enables the group to secure a property necessary for its operations, aligning with the group's business needs and development strategy. The directors consider that the terms of the lease are fair and reasonable, based on normal commercial terms, and that entering into the lease is in the overall interests of the company and its shareholders. The property is situated in Qianhai, Shenzhen, a designated free trade zone and a key development area supported by government policies. The location offers strategic advantages, including proximity to business partners, a superior business environment and infrastructure, and potential policy support, which are expected to facilitate the group's expansion in China and enhance operational efficiency.

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