Shaanxi Construction wins 50 bn yuan in new projects, extends board term

Shaanxi Construction Engineering Group Co., Ltd. and its subsidiaries have secured major construction project bids totaling 50.73 bn yuan as of November 2025. Key projects include a 10 bn yuan architectural and installation contract for the Wuhan Xinghanli Project, an EPC contract for the Baoji Huayu Smart Ecological Cold Chain Logistics Park worth 8.95 bn yuan, and an 8 bn yuan contract for the Yangqu Modern Agricultural Industrial Demonstration Zone Cold Chain Logistics Project (Phase II). Additional projects include ecological governance in the Ziya River Basin and the Xi'an Jiaotong University Innovation Harbor Campus student living area project.

Concurrently, the company announced an extension of its Eighth Board of Directors' term beyond the scheduled December 15, 2025, expiry. This temporary delay in board re-election is to ensure continuity and stability during the preparation for the next board transition. The existing board members, special committee members, and senior management will continue their duties as per regulations, with the company assuring that this extension will not affect its normal operations.

In related financial disclosures, as of November 30, 2025, Shaanxi Construction and its controlled subsidiaries had total external guarantees amounting to 354.92 bn yuan. The guarantees provided to controlled subsidiaries alone sum up to 354.26 bn yuan, representing 114.37% and 114.16% of the company's most recent audited net assets attributable to the parent company, respectively. The company confirmed no overdue guarantees.