The board of directors of Taste Gourmet Group Limited announced that, the Group through a subsidiary of the Company entered into a new lease (the "New Lease") for the opening of a new Moments Together Restaurant in Shenzhen (the "New Restaurant"). The agreement in respect of the New Lease is still subject to execution by the landlord. The basic terms of the New Lease are as follows: Location: Shop L433, Lease Term: 4 years.

Lease Commencement Date on 24 April 2024. The new restaurant is expected to commence operations in third quarter 2024. This will be the Group's first Moments Together Restaurant in Shenzhen.

The terms of the New Lease were determined after arm's length negotiations between the Landlord and the Group, with reference to the prevailing market rentals for properties of similar type, age and location. Located in the heart of the Houhai area in Shenzhen Bay, MixC Shenzhen Bay is a 80,000- square-metre high-end shopping mall.