China State Construction International renews key contracts with COLI

China State Construction International Holdings Limited (CSCI) announced the renewal of its Master Engagement Agreement with China Overseas Land & Investment Limited (COLI), effective from January 1, 2026, to December 31, 2028. Under this agreement, CSCI will continue to tender for and undertake construction projects for COLI Group across the PRC, Hong Kong, and Macau. This renewal follows the expiration of the existing agreement on December 31, 2025.

The new agreement outlines annual caps for the maximum total contract sum awarded to CSCI by COLI Group. These caps are set at HK$1,000m for the financial year ending December 31, 2026, and HK$2,400m for each of the financial years ending December 31, 2027, and December 31, 2028. These figures were determined based on expected future growth in COLI Group’s construction projects and CSCI’s capacity.

Given that COLI Group is a connected person of CSCI, these transactions constitute continuing connected transactions under Chapter 14A of the Listing Rules. The applicable percentage ratios for these transactions exceed 0.1% but are less than 5%, meaning they are subject to reporting, announcement, and annual review requirements, but exempt from independent shareholders’ approval. Directors believe the terms are fair and reasonable, negotiated at arm's length.