Tong Ren Tang Technologies renews land lease, revises trademark caps

Tong Ren Tang Technologies Co. Ltd. has renewed its Land Use Right Leasing Agreement with ultimate controlling shareholder Tong Ren Tang Holdings for a three-year term, from October 6, 2025, to October 5, 2028. The annual rent for the 43,812.949 square meters of land in Fengtai District, Beijing, is RMB9,281,600, with a security deposit of RMB698,000. This renewal reflects the company's recognition of a right-of-use asset valued at approximately RMB24,284,173.37 as of November 28, 2025.

Concurrently, the company announced a Supplemental Trademark Licence Agreement, revising the scope and annual caps for its continuing connected transactions with Tong Ren Tang Holdings. The revised annual caps for licence fees payable are RMB33,297,000 for 2026 and RMB39,958,000 for 2027, up from the original RMB22,157,000 and RMB26,588,000, respectively. These revisions accommodate an expanded licensing scope to include Tong Ren Tang Chinese Medicine and the Chinese Medicine Group.

Additionally, the company announced changes to its senior administration. Mr. Li Yijun resigned as company secretary and authorised representative, and Ms. Yung Mei Yee ceased as process agent, effective November 28, 2025. Ms. Ma Wing Yee has been appointed as the new company secretary, authorised representative, and process agent, while Mr. Han Guan Zhao has been appointed as the secretary of the board.