More than 300 million rental of Tianhong shopping malls in Suzhou

Tianhong Shopping Center (002419) January 21 Evening announcement, the company board of directors to consider through the company part of the fund use Plan, agreed to the company's Suzhou Tianhong Shopping Mall Co., Ltd. to the Suzhou Wuzhong District wood du town, Xinhua Village Economic Cooperatives Lease Suzhou, Xinhua Commercial Plaza Project on the ground floor to the floor of the five-storey Leasing area of about 39,000 square meters, the period is from the opening day of the market 20 years.　　The total rental cost for 20 years is about 320 million yuan, which is paid monthly. The company also announced that the company intends to set up a franchise in Weihai Dongcheng International project in Shandong Province, joining the time for 3 years, the location of the franchise for Dongcheng International Project underground to the ground four floors, an area of about 34,800 square meters.