Dachang Group (600694.SH) subsidiary Daqing Xinmat plans to invest 183 million yuan to promote the renovation and expansion project.

Zhijie Finance APP news, Dashang Stock (600694.SH) announced that its controlling subsidiary, Dashang Daqing Ximatte Shopping and Leisure Plaza Co., Ltd. (referred to as "Daqing Ximatte"), is actively promoting a renovation and expansion project. In order to meet the needs of the project construction, Daqing Ximatte intends to sign a "Daqing Ximatte Shopping and Leisure Plaza Renovation and Expansion Project Construction General Contract" with affiliated company Dalian International Economic & Technical Cooperation Group Co., Ltd. The contract adopts a fixed total price contract form, with a total contract amount of 183 million yuan (including 9% value-added tax); the funds for the project payment by Daqing Ximatte will come from self-raised funds.