Left Field Printing Group extends Australian lease

Left Field Printing Group Limited (HKEX:1540) announced an extension of its factory and office lease in Canberra, Australia. Union Offset, an indirect wholly-owned subsidiary, entered into a Deed of Variation of the Lease Agreement with the Landlord on February 7, 2025, extending the lease term from March 31, 2025, to March 31, 2030. The lease modification requires the Group to remeasure the lease liability and recognize a right-of-use asset in accordance with IFRS 16. The additional consideration over the extended term is valued at approximately AUD 4.1 million (HK$20.1 million). The yearly rental from April 1, 2025, will be $870,000 plus a fixed rent review of 3.25% on each anniversary. The extension constitutes a discloseable transaction under the Listing Rules due to the applicable percentage ratios exceeding 5% but remaining below 25%. The Group’s Directors consider the lease extension beneficial to avoid disruption and relocation costs.