Miricor Enterprises Holdings Limited announced that it has entered into the Lease Agreements in respect of the lease of Premises 1 and Premises 2 with New World Tower Company Limited, in which the lease of Premises 1 shall commence from 22 May 2021 and expire on 15 November 2024 (both days inclusive), and the lease of Premises 2 shall commence from 16 November 2021 and expire on 15 November 2024 (both days inclusive). The Group is principally engaged in the provision of medical aesthetic service, and the sale of skin care products, mainly in Hong Kong. The Directors believe that by entering into the Lease Agreements, together with the lease agreement entered on 20 May 2021, the total service floor area of the Group will be increased by more than 98% to over 42,000 sq ft, which are located in the prime locations in Causeway Bay, Central District and Tsim Sha Tsui. As such, the Group can enlarge its medical aesthetic service centre capacity to meet the increase in market demand for medical aesthetic services. In addition, the Group is currently exploring other potential opportunities to open further medical aesthetic service centers and retail stores of skincare products in the 2022 fiscal year. The Directors consider that the transactions contemplated under the Lease Agreements were entered into in the ordinary and usual course of business of the Group, and the terms of the Lease Agreements are fair and reasonable and in the interest of the Company and its shareholders as a whole.