The Board announces that, on 25 March 2024, RMIA Shenzhen, an indirectly wholly-owned subsidiary of Regina Miracle International (Holdings) Limited, and Shun Cheong agreed to entered into a new property leasing agreement in relation to the Premises (the "2024 Property Leasing Agreement") in view of the 2023 Property Leasing Agreement shall expire on 31 March 2024. The 2024 Property Leasing Agreement shall be effective on 1 April 2024, pursuant to which Shun Cheong agreed to lease to RMIA Shenzhen the Premises (the building located at Redstar Community, Yutang Street, Guangming District, Shenzhen, Guangdong Province, PRC) for a term of 12 months commencing on 1 April 2024 at a monthly rent of RMB 1,892,880 (equivalent to approximately HKD 2,082,168).