Alpha Enterprise (00948) Affiliated Leasing Hong Kong Properties

According to Zhitong Finance App, Alpha Enterprise (00948) issued an announcement. On September 23, 2026, the tenant (Santai Transportation Co., Ltd., an indirect wholly-owned subsidiary of the company) and the owner (Shanbai Real Estate Co., Ltd.) entered into such a lease agreement for a period of two years. This property refers to a multi-storey industrial building known as the Joint Cargo Centre at 150-164 Texaco Road, Tsuen Wan, New Territories, Hong Kong, China. The property under Lease Agreement I includes the entire 7th to 12th and 20th floors of the property, along with 3 truck parking spaces and 3 private car parking spaces. The property under the Tenancy Agreement II includes rooms 11 to 17 on the 13th floor of the property.

The Group is mainly engaged in (among others) providing warehousing and logistics services, and has been leasing part of the property to operate the relevant business segments. The board of directors believes that re-leasing part of the property will help avoid relocation costs and unnecessary interference with its warehousing and logistics service business. Furthermore, the rent payable under such tenancy agreements is determined by the landlord and tenant by reference to current market conditions, rent levels of similar properties in the neighboring area of the property, and past transaction amounts.