Subsidiary of Guangdong Construction Engineering Group (002060.SZ) signs a construction general contracting contract worth 949 million yuan.

Guangdong Construction Engineering Group (002060.SZ) announced that recently, its wholly-owned subsidiary Guangdong Province Dijian Construction Engineering Co., Ltd. (referred to as "Guangdong Dijian") and its controlling subsidiary Guangdong Province Constructed Construction Engineering Co., Ltd. (referred to as "Guangdong Constructed") have formed a consortium with Guangzhou Jianxinrongcheng Real Estate Development Co., Ltd. (referred to as "Jianxinrongcheng") to sign a construction general contract for the construction project on the south side of Qiaozai Street in Liwan District, Guangzhou, Guangdong Province. The contract amount is 949 million yuan, with Guangdong Dijian taking on construction tasks worth 565 million yuan and Guangdong Constructed taking on construction tasks worth 384 million yuan. The contract period is 987 calendar days. The subsidiaries of the company, Guangdong Dijian and Guangdong Constructed, undertook the construction project to expand the scale of engineering construction business and improve profitability. Undertaking this project will have a certain positive impact on the operational performance of Guangdong Dijian, Guangdong Constructed, and the company.