GOGOX further trims Tianjin office lease in small connected transaction

GOGOX Holdings Limited ( (HK:2246) ) has issued an announcement.

GOGOX Holdings Limited, through its indirect wholly owned subsidiary Tianjin 58 Technology, has adjusted its leased office space in a property owned by Beijing Swan Home, an associate of substantial shareholder 58.com. The revised lease area in Tianjin will shrink from about 1,598 square metres to 702 square metres under a second supplemental property lease agreement effective 1 April 2026.

Under IFRS 16, the change is treated as a lease modification, resulting in an increase of approximately RMB270,692 in the recognised right-of-use asset. As a connected transaction under Hong Kong Listing Rules, the deal is subject to reporting and announcement requirements but is exempt from shareholder approval, indicating a relatively small financial impact while still reflecting ongoing optimisation of GOGOX’s leased footprint within its shareholder network.

More about GOGOX Holdings Limited

GOGOX Holdings Limited is a Hong Kong-listed company engaged in technology-enabled logistics and related services through subsidiaries such as Tianjin 58 Technology. The group operates within a broader ecosystem connected to 58.com and 58 Daojia, leveraging property leases and shared infrastructure to support its operations in mainland China.

Average Trading Volume: 162,392

Technical Sentiment Signal: Sell

Current Market Cap: HK$128.1M

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