Hongmian Zhihui Science and Technology Innovation (000523.SZ) announced on July 29 that its subsidiary Guangzhou Xinshicheng Enterprise Development Co., Ltd. (hereinafter referred to as "Xinshicheng") intends to sign a "Lease Contract" with Guangzhou Light Industry and Trade Group Co., Ltd. (hereinafter referred to as "Light Industry Group"), a controlling shareholder of the Company, regarding the leasing of property located at 180 Huan Shi Xi Road, Yuexiu District, Guangzhou, with a total area of 4,812.99 square meters and a leasing period of 12 years. The total rent is 26.7116 million yuan (including tax).
Xinshicheng intends to lease property located at 180 Huan Shi Xi Road, Yuexiu District, Guangzhou, from Light Industry Group, with a leasable area of 4,812.99 square meters for office use. The leasing period is 12 years, with a rent-free period of 12 months. The monthly rent for the first year is 187,706.61 yuan, and the monthly rent per unit area is 39.00 yuan. The annual rent increases by 3% every 2 years. As the controlling shareholder of a listed company, Light Industry Group is involved in this related transaction.
