CHINA RES LAND (01109) subsidiary enters into a framework agreement for project construction and management services with China Resources Beverage.

CHINA RES LAND (01109) announced that on September 20, 2024, its wholly-owned subsidiary Shenzhen Runzhi entered into a framework agreement with China Resources Beverage for engineering construction and management services. Shenzhen Runzhi Group agreed to provide engineering construction and management services to China Resources Beverage Group (including, but not limited to, the management design and engineering construction services of China Resources Beverage Group's production facilities and factories, as well as handling related administrative procedures) from the date of China Resources Beverage's listing on the Stock Exchange until December 31, 2026. The framework agreement for engineering construction and management services is aimed at providing a framework for Shenzhen Runzhi Group to provide long-term engineering construction and management services to China Resources Beverage Group, and is committed to reducing the negotiation time and costs for both parties regarding their ongoing transactions. The provision of engineering construction and management services under the framework agreement aligns with the group's business strategy, leveraging the group's expertise and experience in engineering construction and management to generate additional revenue for the group in daily business processes, maximizing overall returns for the company and shareholders.