M-Grass secures CNY 251.5m construction contract

Inner Mongolia M-Grass Ecology And Environment Group (SZSE:300355) announced that it has signed a construction contract valued at CNY 251,500,592.51 with the Forestry and Grassland Bureau of Zhalute Banner for the "Three-North Shelterbelt Project" which focuses on integrated protection and restoration of degraded grasslands. M-Grass will be responsible for 29.11% of the project's construction tasks. The project aims to restore a total area of 680,260.21 mu (approximately 112,000 acres) of degraded grassland using various restoration techniques. The project is slated to begin on May 1, 2025, and is expected to be completed by August 31, 2026, with a three-year maintenance period following completion.