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AEON STORES (00984) subsidiary signs lease agreement for Guangzhou property
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According to the Zhitong Finance App, AEON (00984) announced that on October 27, 2026, AEON Guangdong, a wholly-owned subsidiary of the Company, entered into a lease agreement with the lessor (as the lessor) to lease the premises. The additional lease period starts on September 3, 2029 and ends on April 8, 2033 (including the first and last two days). The premises have been leased by AEON Guangdong since April 9, 2025 to operate its retail business.

According to the announcement, the site is located in a self-built store B124A on the first floor of Tianhe Lingzhan Plaza, Room B102, No. 36 Machang Road, Tianhe District, Guangzhou, Guangdong Province, China.

The Group's main business is operating retail business in Hong Kong and China through chain stores named after the store names “AEON STYLE”, “AEON” and “AEON SUPERMARKET”. Due to the nature of its retail business, the Group is required to enter into leasing agreements from time to time to rent retail stores. Each retail store, especially large stores similar to this one, helps and maintains the Group's operating scale, which in turn helps the Group reduce overall operating costs, strengthen the Group's ability to discuss with its business partners, and expand the store network and market share.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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