Figtree Holdings Limited has been awarded a RMB 95.0 million contract to design and build (D&B) an industrial facility in China for Leapton New Energy (Changshu) Co. Ltd. (Leapton). Located at Changfu Street, Changshu City in China's Jiangsu Province, the Facility will be Leapton's main manufacturing and distribution centre with a gross floor area of approximately 73,000 square metres, consisting of a 4-storey manufacturing space.

Figtree expects construction of the Facility to commence in the third quarter of 2022 and complete in the third quarter of 2023. The contract will contribute to the revenue of the Group but is not expected to have a material impact on the earnings per share and net asset value per share of the Group for the current financial year ending 31 December 2022.