Goodbaby International Renews Critical Leases

Goodbaby International Holdings (HK:1086) has released an update.

Goodbaby International Holdings Limited has announced the renewal of its lease agreements set to expire in December 2024, with the new leases commencing in January 2025 for a term of three years. The transactions are significant enough to warrant reporting and announcement obligations, as they involve the recognition of right-of-use assets estimated at approximately RMB 45.56 million. These lease renewals are part of the company’s ongoing commitment to its production and manufacturing facilities.

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