China's Han Wang (03788): Han Wang Ginseng Iron and Shengtai Property signed a lease agreement for the rental property

According to Zhitong Finance App, China's Hanwang (03788) announced that on December 23, 2025 (after the transaction period), Hanwang Renshantie, an indirect wholly-owned subsidiary of the Company (as tenant) and Shengtai Property (as owner), signed a lease agreement for a period of three years from January 1, 2026 to December 31, 2028 (including the first and last two days).

The rental property is located on the 10th, 20th, 21st, 22nd, 23rd and 3rd floor podiums of Hanwang Building, No. 227 Qingnian Street, Shenhe District, Shenyang City, Liaoning Province, China.

The terms of the tenancy agreement (including rent payable and property management fees) are determined by the contracting parties after fair negotiation with reference to (i) historical rents payable by the Group to the landlord; (ii) current market rents for comparable properties in the area adjacent to the leased property; and (iii) current property management rates charged by independent third party service providers for properties comparable to the leased property. The directors (including independent non-executive directors) believe that the lease agreement is concluded on general commercial terms, that the terms are fair and reasonable and in line with the overall interests of the Company and its shareholders, and that the lease agreement is concluded in the general and daily business process of the Group.