The board of directors of 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 on 31 January 2024 in relation to building works at Ulu Pandan Contract 3 (part A) and contingency works (part B) in Singapore. Subject to the completion of all building works as stated in the Contract, the total contract sum of the Contract is expected to be approximately HKD 1.76 billion and the Contract is expected to be completed by the end of February 2029. 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 Contract.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.