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Tianhong Co., Ltd. announced that Loudi Tianhong, a subsidiary of the company, signed a supplementary agreement with Panlong Real Estate Group and Panlong Business Company on September 20, 2026, to change the lease expiration date from January 15, 2036 to July 31, 2031, and that fixed rent and commercial property service fees will be implemented according to adjusted standards starting August 1, 2026. The matter is expected to increase the company's total profit in 2026 by about 2002 million yuan. Although the supplementary agreement has been approved in writing by the court to take effect, it still needs to be approved by the general meeting of the counterparty's creditors before it can be enforced, and there is uncertainty about implementation.
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Tianhong Co., Ltd. announced that Loudi Tianhong, a subsidiary of the company, signed a supplementary agreement with Panlong Real Estate Group and Panlong Business Company on September 20, 2026, to change the lease expiration date from January 15, 2036 to July 31, 2031, and that fixed rent and commercial property service fees will be implemented according to adjusted standards starting August 1, 2026. The matter is expected to increase the company's total profit in 2026 by about 2002 million yuan. Although the supplementary agreement has been approved in writing by the court to take effect, it still needs to be approved by the general meeting of the counterparty's creditors before it can be enforced, and there is uncertainty about implementation.
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