The board of directors of the CNQC International Holdings Limited announced that the Group was recently awarded two construction contracts in Hong Kong, namely: (i) a main contract awarded by the Hong Kong Housing Authority to an indirect wholly-owned subsidiary of the Company on 29 January 2024 for the construction of a public housing development project at San Kwai Street, Kwai Chung and alteration and addition works at Mei Tin Estate, Sha Tin (the Public Housing Contract); and (ii) another main contract awarded by Hong Kong Cingleot Investment Management Limited to the same indirect wholly-owned subsidiary of the Company on 8 January 2024 in respect of the construction of the main contract works for deferred possession area of Cainiao Smart Gateway (the DPA Contract and collectively, the Contracts). Subject to the completion of all construction works as stated in the Contracts, the total contract sums of the Contracts are expected to be approximately HKD 1.137 billion (including contingency sums) (the Contract Sum). The Public Housing Contract is expected to be completed by the end of December 2026 and the DPA Contract is expected to be completed in July 2026. 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. The Board wishes to state that no forecast or prediction of the profits of the Group has been
made with regard to the award of the Contracts.