According to Zhitong Finance App, Kaida Group (00180) issued an announcement. On October 15, 2026, the contractor Xincheng Construction Engineering Co., Ltd. signed an acceptance letter confirming its acceptance of the tender issued by its subsidiary Kaida Industrial Co., Ltd. (a direct wholly-owned subsidiary of the Company) for the resurfacing project for the fourth floor platform roof and main roof of the property. The acceptance contract amount was approximately HK$13.39 million.
The property is held by the Group for personal use and investment purposes. As at 30 June 2026, the net book value for private use was approximately HK$51,439 million and the fair value of investment properties was HK$1,657 million. For the financial year ended 31 December 2024 and 31 December 2025, the total rental income generated by the property was approximately HK$446.89 million and HK$38.13 million, respectively, and the after-tax rental income from the property (assuming a profit tax rate of 16.5%, excluding rates, management fees and other expenses) was approximately HK$373.15 million and HK$31.839 million, respectively.
One of the Group's main businesses is property investment, and properties have always been leased to various tenants. It is expected that the reroofing project will maintain the condition of the property and may increase the value of the property, thereby contributing to the development of the Group's property investment division. The contractor was selected as the contractor to carry out the roof resurfacing project after careful and thorough consideration and thorough evaluation of its cost estimates, experience and technical capabilities.