YGM Trading Limited (HKG:0375) announced that its wholly-owned subsidiary Aramis International Limited, as landlord, and an independent third party, as tenant, had entered into a tenancy agreement on 6 January 2012 in respect of the premises known as shop Nos. G29 & G30 on G/F and shop No. 15 on 1/F of site D, Park Lane Shopper's Boulevard, Nos. 111-139, 143-161 & 165-181 Nathan Road, Kowloon, Hong Kong for a term commencing from 20 February 2012 and expiring on 19 February 2015 (both days inclusive) at the rent of HK$16.56 million per annum exclusive of rates, management fees (including promotion fees), air-condition charges and other outgoings.

The premises at present are occupied by the subsidiaries of the company and is classified as "Land and building held for own use". Upon the commencement of the term of the tenancy agreement, the premises will be re-classified as "Investment Properties" in the financial statements of YGM Trading for the year ending 31 March 2012.

The net book value of the premises amounted to HK$36.99 million as at 31 March 2011.