Core Viewpoint - China Wuyi (000797) plans to form a consortium with Fujian Jianke Engineering Technology Co., Ltd. to bid for the renovation and upgrade of public school buildings in Manila, Philippines, with a total project budget of 1.55 billion pesos (approximately 186 million RMB) [1] Group 1: Project Details - The total budget for the two projects is 1.55 billion pesos (approximately 186 million RMB) [1] - The first batch of the project has a budget of 800 million pesos (approximately 96.1 million RMB), while the second batch has a budget of 750 million pesos (approximately 90.1 million RMB) [1] - The funding for both projects will be sourced from the World Bank, with a construction period of 732 days for each project [1] Group 2: Consortium Structure - The consortium will have a share distribution of 70% for China Wuyi and 30% for Fujian Jianke, with obligations and rights shared accordingly [1] - China Wuyi will be responsible for the full bid guarantee, while Fujian Jianke will provide a corresponding proportion of counter-guarantee [1] Group 3: Strategic Intent - The collaboration aims to leverage the business resource advantages of both parties to enhance bidding competitiveness and facilitate the expansion of overseas business [1] - The company asserts that this partnership will not affect its independence [1] Group 4: Company Profile - China Wuyi is primarily engaged in domestic and international engineering contracting, real estate development, and trade [1]

Core Viewpoint - The company plans to form a consortium with Fujian Jianke Engineering Technology Co., Ltd. to participate in the bidding for the renovation and upgrade of public school buildings in Manila, Philippines [1] Group 1: Company Actions - The company has convened a board meeting on January 20, 2026, to review and approve the relevant proposals regarding the project [1] - The related party involved in the decision-making process, Director Zhang Zhikun, abstained from voting to ensure compliance with regulations [1] Group 2: Industry Context - Fujian Jianke is a wholly-owned subsidiary of Fujian Provincial Academy of Building Science, which is in turn a wholly-owned subsidiary of the company's largest shareholder, Fujian Construction Group Co., Ltd. [1] - The transaction is classified as a related party transaction under the Shenzhen Stock Exchange listing rules [1]