Oppein Home leases idle factory space to boost asset utilization

Oppein Home Group, a home furnishings company, has announced the temporary adjustment of its "Oppein Home Intelligent Manufacturing (Wuhan) Project" by leasing out 13,800 square meters of idle factory space. This move, approved by the company’s Fourth Board of Directors, Fourth Board of Supervisors, and Fourth Provisional Shareholders' Meeting, aims to enhance resource allocation efficiency and overall asset returns. The leases, with terms of 12 months, will generate rental income and improve the utilization of existing assets.

The company has signed lease agreements with three entities: Jingmen Jiantong Supply Chain Management Co., Ltd., Wuhan Dawexing Technology Co., Ltd., and Hubei Jiajia Plastic Products Co., Ltd. Jingmen Jiantong will lease 6,500 square meters for storage and office use, with a total rental amount of CNY 800,800, management fees of CNY 128,700, and property fees of CNY 39,000. Wuhan Dawexing will lease 3,300 square meters for production, office, and storage, for a total of CNY 253,440 in rent, CNY 63,360 in management fees, and property fees of CNY 39,600. Hubei Jiajia will lease 4,000 square meters for production, office, and storage, at a total rent of CNY 345,600, management fees of CNY 38,400, and property fees of CNY 48,000.

Oppein Home Group stated that this temporary adjustment will not adversely affect its normal operations or change the direction of fundraising, upholding principles of fairness and transparency. The transactions are not considered related-party transactions or major asset restructurings, and all terms fall within the scope approved by shareholders.