Meric Restaurant Limited announced that Meric Restaurant (a wholly-owned subsidiary of the Company) as tenant, has signed and returned the Offer Letter to MTR Corporation Limited (an Independent Third Party) as landlord, on 3 May 2024 to exercise the two-year renewal option in the Current Lease for renewal of the lease in respect of the Premises for a term of two years commencing from 1 June 2024 to 31 May 2026 (both days inclusive). Details of the principal terms of the Offer Letter are set out below: Parties, (1) MTR Corporation Limited, an Independent Third Party, as tenant, Premises,: Shop Unit F1, Level 2, Telford Plaza I, 33 Wai Yip Street, Kowloon Bay, Kowloon, Hong Kong, Term,: 1 June 2024 to 31 May2026 (both days inclusive). Total amount payable.: The aggregate amount payable under the Lease is approximately HKD 7.8 million (inclusive of promotion fee, air-conditioning and management charges) subject to additional turnover rent representing the amount by which 12% of the monthly gross sales turnover exceeds the monthly basic rent of each calendar month in accordance with the Lease, which will be satisfied by internal resources of the Group.