CNQC International Holdings Limited announced that a construction contract has been awarded by the Housing & Development Board of Singapore to an indirect wholly-owned subsidiary of the Company for the building works of the proposed residential development at Bukit Batok Neighbourhood 4 Contract 26 in Singapore on 14 February 2023 and another construction contract has been awarded by a property developer in Malaysia to an indirect wholly-owned subsidiary of the Company for the construction and completion of building works, external works, mechanical and electrical works for the proposed serviced apartment development at No. 2, Jalan Setia Perdana Az U13/Az, Seksyen U13, 40170 Shah Alam, Selangor Darul Ehsan in Malaysia on 30 January 2023. 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 536 million and the Contracts are expected to be completed by the end of July 2024 and August 2025 respectively.

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 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.