CNQC International : VOLUNTARY ANNOUNCEMENT AWARD OF A CONSTRUCTION CONTRACT

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CNQC INTERNATIONAL HOLDINGS LIMITED

青 建 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 1240)

VOLUNTARY ANNOUNCEMENT

AWARD OF A CONSTRUCTION CONTRACT

This announcement is published on a voluntary basis to keep the shareholders of CNQC International Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') and potential investors informed of the latest business development of the Group.

The board of directors of the Company (the ''Board'') is pleased to announce that a construction contract has been awarded by Housing & Development Board of Singapore to a wholly-owned subsidiary of the Company for the building works of the proposed mixed development at Tengah Park Contract 8 with Neighbourhood Centre and Common Green in Singapore on 30 April 2021 (the ''Contract'').

Subject to the completion of all construction works as stated in the Contract, the total contract sum of the Contract is expected to be approximately HK$1.99 billion (including all contingent and/or provisional contract amounts) (the ''Contract Sum'') and the Contract is expected to be completed by the end of March 2025. 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 Contract may or may not total to the Contract Sum.

The Group will adopt the use of Prefabricated Prefinished Volumetric Construction (PPVC) technology for the residential units.

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.

By order of the Board

CNQC International Holdings Limited

Cheng Wing On, Michael

Chairman

Hong Kong, 3 May 2021

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As at the date of this announcement, the Board comprises (i) four executive Directors, namely Mr. Cheng Wing On, Michael (Chairman), Mr. Wang Congyuan (Chief Executive Officer), Dr. Du Bo and Mr. Zhang Yuqiang; (ii) one non-executive Director, namely Mr. Chen Anhua; and (iii) three independent non-executive Directors, namely Mr. Ching Kwok Hoo, Pedro, Mr. Tam Tak Kei, Raymond and Mr. Chan Kok Chung, Johnny.

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