Scorching Dragon unit agrees to lease Hong Kong shop for HK$150,000 monthly rent

• Scorching Dragon’s TF F&B accepted a letter of offer to lease a ground-floor retail site at Laws Commercial Plaza in Cheung Sha Wan.
• Two-year term runs Aug. 17, 2026 to Aug. 16, 2028, with a two-year renewal option.
• Monthly base rent HK$ 150,000; turnover rent 12% above HK$ 1 million monthly gross takings; 45-day rent-free period.
• Security deposit HK$ 600,000, including an initial deposit of HK$ 150,000 paid on acceptance.
• Transaction treated as an asset acquisition under HKFRS 16; classified as a major transaction under GEM rules, requiring shareholder approval at an EGM.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scorching Dragon Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260710-12241781), on July 10, 2026, and is solely responsible for the information contained therein.