CHINA STATE CON (03311) announced that on August 20, 2025, China Construction International Investment (an indirect wholly-owned subsidiary of the Company) entered into a factoring arrangement. On the same day, China Construction International Investment entered into an accounts receivable transfer contract with Huzhou Haichuang and a factoring contract with China Construction Commercial Factoring regarding the transfer of accounts receivable to China Construction Commercial Factoring. Under the arrangement, China Construction Commercial Factoring will provide accounts receivable factoring services to China Construction International Investment with a principal amount of RMB 200 million at a discount rate of 92.8%, for a term not exceeding eighteen months from the drawdown date under the factoring contract. The factoring arrangement is beneficial to the Group as it provides immediately available funds for working capital and business development. It also enables the Group to meet liquidity development needs and diversify the Group's financing channels, thereby optimizing the Group's asset structure, improving capital efficiency, and enhancing operational capabilities.