[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-638536-105":59,"doc-detail-638536-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","connected-transaction-revision-of-rent-under-existing-lease-agreement","CONNECTED TRANSACTION - REVISION OF RENT UNDER EXISTING LEASE AGREEMENT","","Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited disclaim liability for this announcement. The document describes a connected transaction involving Prada Retail UK as lessee for the Miu Miu brand, Prada RE UK as lessor, and the Company as guarantor. On May 19, 2026, a rent review memorandum revises rent for the reviewed period, sets reviewed annual rent amounts by period, and specifies retrospective application, settlement timing, and equal quarterly advance payments under the existing lease.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/connected-transaction-revision-of-rent-under-existing-lease-agreement/638536/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/connected-transaction-revision-of-rent-under-existing-lease-agreement/638536.png","ImageObject",300,407,{"name":92,"@type":93},"Olivia Brown","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-10-22",true,{"@type":102,"interactionType":103,"userInteractionCount":29},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What transaction is being announced?","Question",{"text":112,"@type":113},"The announcement concerns a connected transaction for revising rent under an existing lease agreement via a rent review memorandum.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"When was the rent review memorandum signed and what does it revise?",{"text":117,"@type":113},"It was signed on May 19, 2026 and revises the rent payable under the existing lease agreement for the reviewed period.",{"name":119,"@type":110,"acceptedAnswer":120},"How are the reviewed rents determined and how are disputes handled?",{"text":121,"@type":113},"Reviewed rent is determined through arm’s length negotiations on normal commercial terms, with references including the premises’ location and market sentiment; if there is disagreement, the reviewed rent should be referred to an independent expert whose determination is final and binding.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},638536,1793013362,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":29,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":29,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144},16904993612988,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.  \nRegistered office at Via A. Fogazzaro n. 28, Milan, Italy Registry of Companies of Milan, Monza, Brianza, Lodi (Italy): No. 10115350158 (Incorporated under the laws of Italy as a joint-stock company with limited  \nliability)  \n(Stock Code: 1913)  \nCONNECTED TRANSACTION  \nREVISION OF RENT UNDER EXISTING LEASE AGREEMENT  \nOn May 19, 2026, Prada Retail UK (a wholly-owned subsidiary of the Company), as lessee for the Miu Miu brand, Prada RE UK, as lessor, and the Company, as guarantor, signed a memorandum of rent review (“Memorandum”) under which the rent payable under the Existing Lease Agreement for the Premises for the Reviewed Period was revised (“Rental Review”) .  \nAs Prada RE UK is a wholly-owned subsidiary of Prada Holding S.p.A. (a substantial shareholder of the Company holding approximately 80% of the Company’s total issued share capital), Prada RE UK is a connected person of the Company. Therefore, the transaction contemplated under the Memorandum constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.  \nAs the highest applicable Percentage Ratio in respect of the Transaction calculated on the basis of the value of the Right of Use Asset in respect of the Reviewed Period, exceeds 0.1% but is less than 5%, the Transaction is subject to the reporting and announcement requirements but is exempt from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.  \nIntroduction  \nOn May 19, 2026, pursuant to the terms of the Existing Lease Agreement (the term of which will endon March 14, 2035), Prada Retail UK (a wholly-owned subsidiary of the Company), as lessee for the Miu Miu brand, Prada RE UK, as lessor, and the Company, as guarantor, signed a memorandum of rent review (“Memorandum”) under which the rent payable under the Existing Lease Agreement for the Premises for the Reviewed Period was revised (the “Rental Review”) .  \nDetails of the Memorandum  \nDate: May 19, 2026  \nParties: (i) Prada RE UK, as the lessor (succeeded under the Existing Lease  \nAgreement) (ii) Prada Retail UK Limited (a wholly-owned subsidiary of the Company), as lessee for the Miu Miu brand (iii) the Company, as guarantor  \nGuarantor: the Company is the guarantor to guarantee the payment of the rent  \nand fulfilment of other obligations by the lessee under the Existing Lease Agreement (as amended by the Memorandum)  \nRental Review: The annual amounts of the rent (exclusive of any VAT) for the  \nReviewed Period have been reviewed and adjusted as below:  \n\n| Period | Reviewed annual rent |\n| --- | --- |\n| 15 March 2025 to 31 December 2025 | GBP 3,213,000 (to be calculated on a pro rata basis) |\n| 01 January 2026 to 31 December 2026 | GBP 3,700,000 |\n| 01 January 2027 to 31 December 2027 | GBP 4,200,000 |\n| 01 January 2028 to 31 December 2028 | GBP 4,400,000 |\n| 01 January 2029 to 31 December 2029 | GBP 4,400,000 |\n| 01 January 2030 to 14 March 2030 | GBP 4,400,000 (to be calculated on a pro rata basis) |\n\nThe last annual rent paid by the lessee for the period 1 January 2025 to 31 December 2025 was GBP 3,213,000 . Following the Rental Review, the parties agreed that the same annual rent would apply for the period from 15 March 2025 to 31 December 2025.  \nThe Rental Review was made pursuant to the relevant clause under the Existing Lease Agreement which provides for a rent review every 5 years of the duration of the Existing Lease Agreement. If there is disagreement between the parties on the amount of thereviewed rent, the determination of the reviewed rent should be referred to an independent expert and the value indicated","cbCairEmiWIaVjMh","https://ap.wps.com/l/cbCairEmiWIaVjMh","pdf",268800,"English","# Introduction\n## Date and Parties\n## Rental Review Details\n## Pricing and Retrospective Application\n## Payment Terms","[{\"question\":\"What transaction is being announced?\",\"answer\":\"The announcement concerns a connected transaction for revising rent under an existing lease agreement via a rent review memorandum.\"},{\"question\":\"When was the rent review memorandum signed and what does it revise?\",\"answer\":\"It was signed on May 19, 2026 and revises the rent payable under the existing lease agreement for the reviewed period.\"},{\"question\":\"How are the reviewed rents determined and how are disputes handled?\",\"answer\":\"Reviewed rent is determined through arm’s length negotiations on normal commercial terms, with references including the premises’ location and market sentiment; if there is disagreement, the reviewed rent should be referred to an independent expert whose determination is final and binding.\"}]","CONNECTED TRANSACTION - REVISION OF RENT UNDER EXISTING LEASE AGREEMENT | PDF",1792685623,15]