SH GROUP HLDG (01637) affiliate has been named as the designated subcontractor by the main contractor with an expected contract amount of approximately HK$150 million.

SH GROUP HLDG(01637) announced that its indirect wholly-owned subsidiary, Soon Xing Mechanical and Electrical Engineering Company Limited (Soon Xing Mechanical), has received an Letter of Intent (the LOI), designating Soon Xing Mechanical as the nominated subcontractor for the supply and installation of various mechanical and electrical (M&E) engineering systems. Soon Xing Mechanical signed and returned the LOI in April 2026. The project involves the supply and installation of various M&E engineering systems in the dedicated facilities in Tai Po, New Territories. The systems include mechanical ventilation and air conditioning, electrical, water supply and drainage, fire protection, steam equipment, gas and compressed air. The expected contract amount is around HK$150 million. The Board hereby declares that no profit forecast or estimate has been made regarding the LOI. The LOI will constitute a legally binding subcontract agreement once Soon Xing Mechanical signs a formal subcontract agreement with the main contractor.