The Board of Directors of APAC Realty Limited announced that the Company had on, 21 March 2023, entered into an ERA Master Franchise Agreement with ERA Laos Co. Ltd. pursuant to which the Franchisee was granted exclusive rights to operate or grant memberships for the operation of ERA member broker offices in Laos. The Agreement is for an initial term of 25 years commencing from 21 March 2023, and may be renewed for a further 25 years subject to the fulfilment of certain conditions as set out in the Agreement.

The Group possesses the exclusive ERA regional master franchise rights to 17 countries and territories in Asia Pacific. With the addition of Laos, the Group now has a network of more than 21,900 agents in 647 offices across 11 countries and territories.