Tung Lok Restaurants: Subsidiary Enters into Tenancy Agreement, Constituting Interested Person Transaction

NewTimeSpace News: On April 7, 2026, Tung Lok Restaurants announced that its wholly-owned subsidiary, Tung Lok Millennium, has entered into a three-year tenancy agreement with NPPL to lease a premises within Square 2 in Singapore to operate "Tung Lok Teahouse." The total estimated rental fees amount to approximately S$1.34 million.

According to the announcement, as NPPL is 100% held by the controlling shareholders of Tung Lok Restaurants, the tenancy agreement constitutes an Interested Person Transaction. Under Catalist Rule 916(1), as the lease term does not exceed three years and is supported by an independent valuation report, shareholder approval is not required.

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