China Overseas Grand Oceans Group Ltd. has announced the renewal of a significant engagement agreement with China State Construction Engineering Corporation Limited, effective from May 9, 2025. The agreement outlines the continuation of their collaboration in property development and commercial property operations in the People's Republic of China. Under the terms, the Group will engage China State Construction as a contractor for its property projects, with an estimated transaction value reaching RMB500 million for the second half of 2025, and RMB800 million for each of the subsequent years through 2027. The agreement is governed by Hong Kong law and adheres to the company's tendering procedures and the Listing Rules.
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