Clarity Medical Group Holding Limited announced that the Group is in the process of expanding its existing medical centre in Mong Kok and establishing a new medical centre in Tsim Sha Tsui for the provision of private ophthalmic healthcare services. The Group recently entered into a tenancy agreement with a third party independent from the Company and its connected persons (as defined under The Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited for a term of three years to expand the scale of its existing medical centre located at Wai Fung Plaza, Mong Kok. The New Mong Kok Centre has a gross floor area of approximately 5,966 sq.ft.

which shall mainly focus on the provision of refractive treatment services and other treatment services. The New Mong Kok Centre together with the existing medical centre at Wai Fung Plaza will provide a better environment and experience for the Group's customer. The Group expects the New Mong Kok Centre will commence operations by end of this year.

The Company expects to fund the expansion with its internal resources. Furthermore, on 29 August 2022, the Group entered into another tenancy agreement with an Independent Third Party for a term of three years to establish a new medical centre in Tsim Sha Tsui for the provision of a full range of ophthalmic consultation and examination services and treatment services. The New Tsim Sha Tsui Centre will be located at The ONE, a premium shopping mall in Hong Kong, and has a gross floor area of approximately 13,674 sq.ft.

The Group expects the New Tsim Sha Tsui Centre will commence operations in or around the first or second quarter of 2023. The Company expects to fund the establishment of the New Tsim Sha Tsui Centre with the proceeds from the initial public offering by the Company.