Shenzhen Bauing Construction Holding Group (002047.SZ) subsidiary won the bid for the general construction contract of the 14th plot of the RMB 745 million Da Hengqin Lake Heart New Town project.

Shenzhen Bauing Construction Holding Group (002047.SZ) announced that its wholly owned subsidiary, Guangdong Baoying Construction Technology Co., Ltd. (referred to as "Baoying Construction Technology"), recently received a "winning bid notification" from the Zhuhai Public Resources Trading Center, confirming Baoying Construction Technology as the winning unit for the "Construction General Contract of Plot 14 in the Dahengqin Huxin New City Project" with a winning bid price of approximately 745 million yuan. The winning bid amount for this project accounts for 18.11% of the company's audited operating income for 2023. The successful implementation of the project will have a positive impact on the company's future operating performance, help fully leverage the synergies between the company and its controlling shareholder, enhance the company's market competitiveness and market share, promote the healthy and sustainable development of the company, and align with the overall interests of the company.