CNQC International Holdings Limited announced that a construction contract has been awarded by a subsidiary of Oxley Holdings Limited, to a wholly-owned subsidiary of the Company for the main contract works for the proposed residential development comprising of 11 blocks of residential apartments and 50 units of houses with basement carparks and communal facilities on Lot 01952C Mukim 3 at South Buona Vista Road (Queenstown Planning Area) in Singapore on 28 January 2019. Subject to the completion of all construction works as stated in the Contract, the total contract sum of the Contract is expected to be approximately HKD 715 million (including all contingent and/or provisional contract amounts) and the Contract is expected to be completed by the end of November 2021. As the Contract Sum includes all contingent and/or provisional contract amounts which may or may not materialise, the actual Contract Sum derived by the Group from the Contract may or may not total to the Contract Sum.