CNQC International Holdings Limited announced that the Group was recently awarded two construction contracts in Hong Kong, namely: (i) one by the Hong Kong Housing Authority for the foundation works of a public housing development located at San Wan Road, Fanling; and (ii) another one by Lok Sin Tong Benevolent Society, Kowloon for a transitional housing project located at Choi Hing Road, Choi Hung (collectively, the contracts). The transitional housing project at Choi Hing Road,Cho Hung is the first 8-storey transitional housing, which is expected to become the highest transitional housing in Hong Kong when completed. Subject to the completion of all construction works as stated in the Contracts, the total contract sum of the two Contracts are expected to be approximately HKD 297 million (including contingency sums) and both Contracts are expected to be completed by the end of March 2024.

As the Contract Sum includes contingency amounts which may or may not materialise, the actual contract sum derived by the Group from the Contracts may or may not equal to the Contract Sum.