CONNECTED TRANSACTION PROPERTY LEASING AGREEMENTProperty Leasing Agreement • June 7th, 2019
Contract Type FiledJune 7th, 2019On 11 August 2020, Bank of China (as the landlord) entered into the Property Leasing Agreement with Shunfeng Holdings (a directly wholly-owned subsidiary of the Company), Tiancheng International and Asia Pacific Resources (collectively as the Tenants). Pursuant to the Property Leasing Agreement, (i) Bank of China shall lease to the Tenants the premises located on 30/F Bank of China Tower, 1 Garden Road, Central, Hong Kong for a term of three years commencing on 15 February 2020 and expiring on 14 February 2023 (both days inclusive) for the purpose of business administration of the Tenants; (ii) Bank of China shall let and Shunfeng Holdings shall take 2,616 square feet of net lettable premises area, representing approximately 16.66% of the total net lettable premises area under the Property Leasing Agreement; and (iii) Shunfeng Holdings shall pay to Tiancheng International the rent, government rates, service and utility charges on a monthly basis, and Tiancheng International shall pay t