According to the Zhitong Finance App, Xinglu Water (02281) issued an announcement. On December 13, 2023, the company signed a construction contract with Zhiyuan Real Estate. The company agreed to provide water pipeline installation services to Zhiyuan Real Estate in 2023. The construction period is 60 days. The project under the construction contract is the City Investment • Yuelai City Phase IV water supply pipeline installation project. It is located in Changshui New Town, Naxi District, Luzhou City.
The company has been providing installation and maintenance services to companies located in Luzhou in its daily and general business for a long time, so the company is familiar with the requirements and specifications of installation and maintenance services required by the local government and enterprises. The directors believe that entering into a construction contract is beneficial to the long-term business relationship between the company and Xinglu Investment and its subsidiaries. By entering into construction contracts, the Group can further expand its main business. The directors believe that the conclusion of the construction contract is in line with the Group's goal of strengthening the company's position in the industry and its influence in the region.