Founder Holdings Limited announced that Given that lease agreements of office premises will expire on 31 December 2021, on 31 December 2021, each of Founder Electronics and Founder EasiPrint entered into a new lease agreement with Peking University Founder Group Company Limited (Peking Founder) to lease certain premises at Shangdi Founder Building from Peking Founder. The 2022 Lease Agreements will expire on 31 December 2022. Total annual rental is RMB 9,979,238.76.

The rental is payable in cash quarterly in advance. Neither party shall terminate the lease in advance without cause unless both parties agree or otherwise permitted in the lease, and prior notice no less than one month before is served. Each of the lessor and lessee will have the right to terminate the lease if the other party fails to comply with the terms and conditions of the agreement.

Property leased is 4th floor (part) of Block 1, 1st floor (part) of underground of Block 1 and 1 floor (part) of underground of Block 2 of Shangdi Founder Building.