Guoguang Chain (605188) plans to lease a commercial complex worth 209 million yuan to expand regional markets

[ Caixin Media April 1 Report ] Jiangxi Guoguang Commercial Chain Co., Ltd. (Securities Code: 605188, Securities Abbreviation: Guoguang Chain) today released an announcement stating that the company plans to sign a “Lease Agreement” with Suichuan Juran Smart Home Real Estate Co., Ltd. (hereinafter referred to as “Suichuan Juran Company”). The company will lease a commercial complex located in the Dongcheng New District of Suichuan County, known as the Bund Plaza, with a total construction area of 55,574.28 square meters. The lease term is 20 years. During the term of the contract, the total rent is approximately RMB 209.0 million.

According to the announcement, the 11th meeting of the third session of the board of directors of Guoguang Chain has considered and approved this leasing proposal on March 31, 2026. This transaction does not involve related-party transactions, nor does it constitute a major asset restructuring. It is not required to be submitted to the company’s shareholders’ meeting for approval.

** Leased Asset and Core Terms **

The commercial complex to be leased is located on plot C8-1 in the Dongcheng New District of Suichuan County and is currently under construction. The leasing scope includes the entire building and its premises, structures, parking lots, ancillary sites, and supporting facilities and equipment. The total construction area is 55,574.28 square meters, including rentable commercial area of 37,168.95 square meters and parking area of approximately 18,405.33 square meters. The lease purpose is commercial operation.

The lease term is calculated from the opening date, lasting 20 years, tentatively from July 1, 2027 to June 30, 2047. Suichuan Juran Company must complete the delivery of the leased premises by March 1, 2027.

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** Information on the Counterparty **

Suichuan Juran Smart Home Real Estate Co., Ltd. is a limited liability company (a corporate sole proprietorship invested in or controlled by natural persons). The legal representative is Chen Longhai. Registered capital is RMB 20 million. The registered address is at Suichuan County Chamber of Commerce Building in Ji’an City, Jiangxi Province. Its business scope includes real estate development and operation, and commercial complex management services, among others. The announcement clarifies that there is no related relationship between the company and Guoguang Chain, the company’s controlling shareholder, actual controller, directors, or senior management personnel, and that it is not a dishonest party subject to enforcement.

** Impact on the Company **

Guoguang Chain states that this transaction is beneficial for improving the company’s regional market share and overall competitiveness, and it aligns with the company’s needs for business development. The transaction pricing is fair and reasonable. It has no material adverse impact on the company’s current and future financial position and operating results, and it is in line with the interests of the company and all shareholders.

The announcement also discloses detailed provisions on liability for breach of contract, including the compensation mechanism for the lessor’s late delivery of the leased premises, the handling methods for quality issues with the leased premises, and the calculation standard for default interest for the lessee’s late payment of lease fees (charging an additional 3/10,000 per day of the overdue amount), among other items, to protect the rights and interests of both parties.

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Responsible editor: Xiao Lang Express