Group 1 - The company announced the signing of two construction contracts for the construction of a paper impregnation and laminate board factory, with the first contract valued at RMB 42.2 million (approximately HKD 46.4 million) after an increase of RMB 7 million (approximately HKD 770,000) [1] - The first construction contract is expected to commence on December 31, 2024, and is projected to be completed within 300 calendar days [1] - The second construction contract, valued at RMB 76 million (approximately HKD 83.6 million), is set to begin on March 31, 2025, with an expected completion time of 365 calendar days [1] Group 2 - The signing of the construction contracts aligns with the company's business plan and aims to enhance production capacity and flexibility, facilitating business expansion in Guigang, China [2] - The board believes that these contracts are in line with the company's development strategy and will further improve profitability and promote long-term sustainable development [2]
盛龙锦秀国际附属就浸渍纸及压贴板厂房的建筑工程订立建筑合约