Kidsland Intl (02122) announced that on November 28, 2024, Kidsland LCS (a wholly-owned subsidiary of the company) entered into a lease agreement with the owner regarding the property (the signed lease agreement was received by the group on December 3, 2024), with a lease term from October 23, 2024, to October 22, 2026 (including the first and last days), lasting for 2 years.
It is reported that the property is located in the shopping mall named Shenzhen New Land Tool Planning & Architectural Design in Hong Kong, specifically in shop 416 on the 4th floor.
The property will be used by the group to operate a LEGO certified specialty store. The director believes that renewing the lease at the same location will provide the group with continuity and stability in the retail business.
