Core Viewpoint - The company is expanding its overseas development strategy by establishing a wholly-owned subsidiary in Saudi Arabia, which is expected to enhance its international competitiveness [1] Group 1: Investment Details - The company plans to invest 500,000 Saudi Riyals (approximately 962,000 RMB) to set up the subsidiary named Western Construction Arabia Limited in Riyadh, Saudi Arabia [1] - The board of directors approved this investment on January 28, 2026, and it does not require shareholder approval [1] Group 2: Financial Implications - The investment will be funded from the company's own resources and is not classified as a related party transaction or a major asset restructuring [1] - The company anticipates that this investment will not have a significant adverse impact on its financial and operational performance [1]
中建西部建设:拟96.2万元设立沙特全资子公司拓展海外市场