CNQC Obtains the HK$500 Million Singapore Construction Contracts Superior Quality is Recognized by Customers

CNQC International Holdings Limited

 (Incorporated in the Cayman Islands with limited liability)

(Stock code：1240.HK)

CNQC Obtains the HK$500 Million Singapore Construction Contracts

Superior Quality is Recognized by Customers

(7 January 2019 - Hong Kong and Singapore) CNQC International Holdings Limited ("CNQC International," "the Company," together with its subsidiaries, collectively "the Group”, stock code: 1240.HK), a leading property developer and contractor in Singapore, is pleased to announce the Company has obtained the Singapore construction contracts with a total contract sums of approximately HK$500 million. The contract works include the proposed residential development with basement carparks, swimming pool and communal facilities comprising of 6 blocks residential flats at Rifle Range Road (Bukit Timah Planning Area), and the contracts are expected to be completed by the end of November 2021.

Mr. Wang Congyuan, Chief Executive Officer of CNQC, said: “The Group has always maintained its competitiveness in the Singapore and Hong Kong markets, and it has been advancing and moving steadily. Gaining the contracts at the beginning of the year affirmed the customers’ recognition in the Group of its superior quality and advantages in Singapore, and laid a solid foundation for the Group's business development in Singapore in 2019. Furthermore, it also enabled the Group to deepen the advantages of The Belt and Road initiative, based in Singapore, and actively explores the opportunity in the Southeast Asian market.”

“Looking back at 2018, the Group has actively developed The Belt and Road market, including the acquisition of Yau Tong Marine Lots and Yee Kuk Street project in Hong Kong; representing the Group officially develops the Hong Kong real estate market. It has become an important milestone for the Group's development. In 2019, the Group will be actively looking for new projects in The Belt and Road regions to build more benchmarking projects to inject strong new growth momentum into the company's business.”

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