KINETIX SYSTEMS (08606) Subsidiary Enters Into Lease Agreement with Noble Castle Investments

Stock News
Sep 30

KINETIX SYSTEMS (08606) announced that on September 30, 2025, the tenant Jiéguan Technology Limited, a wholly-owned subsidiary of the company, entered into a lease agreement with the landlord Noble Castle Investments Limited for a term of three years and two months for the leasing of the property. The property comprises Units 3103 to 3105 on the 31st Floor of AIA Kowloon Tower, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong, with an estimated total gross floor area of approximately 14,348 square feet. The property will be used as the group's principal place of business. The total rental payable under the lease agreement was determined through fair negotiation between the contracting parties after making reference to, among other things, the prevailing market rents payable for properties similar to and with comparable functions as the subject property. The directors, including the independent non-executive directors, consider that the aforementioned rental is fair and reasonable, consistent with market levels, and that entering into the lease agreement is in the overall interests of the group and its shareholders.

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