Times Universal ends office lease early, derecognizes HKD 7.2 million right-of-use asset

• Times Universal disclosed early termination of office lease in Chongqing, treated under HKFRS 16 as disposal of right-of-use asset.
• Right-of-use asset derecognized on termination had maximum value of about HKD 7.2 million.
• Lease ran from Sept. 1, 2021 to Aug. 31, 2031, ended effective Jan. 31, 2025; tenant stopped paying rent from February 2025.
• Transaction classified as discloseable under Hong Kong Listing Rules, with one or more percentage ratios at 5% or above but below 25%.
• Board said termination would not have a material adverse impact on operations or financial position.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Times Universal Group Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260511-12154757), on May 11, 2026, and is solely responsible for the information contained therein.