Zhejiang Communications Technology announced that a consortium formed by its subsidiary Zhejiang Jiaogong, Jiaogong Underground and Zhejiang Road Industrial City won the bid for a new urbanization project in the Yangzhou block along the Fuchun River in Tonglu County. The total static investment of the project is 4.793 billion yuan, and the cooperation period is 8 years. To this end, a project company with a registered capital of 100 million yuan will be set up. Zhejiang Jiaogong and Jiaogong underground plan to pay a capital of 20 million yuan, accounting for 20%, and is expected to invest up to 500 million yuan for project development and construction. In the past 12 months, the company and related parties have invested a total of 538 million yuan in joint investments, exceeding 0.5% of the latest audited net assets. The project is expected to undertake a project volume of 3.04 billion yuan, which will help consolidate the company's competitiveness in the Yangtze River Delta region.

Zhejiang Communications Technology announced that a consortium formed by its subsidiary Zhejiang Jiaogong, Jiaogong Underground and Zhejiang Road Industrial City won the bid for a new urbanization project in the Yangzhou block along the Fuchun River in Tonglu County. The total static investment of the project is 4.793 billion yuan, and the cooperation period is 8 years. To this end, a project company with a registered capital of 100 million yuan will be set up. Zhejiang Jiaogong and Jiaogong underground plan to pay a capital of 20 million yuan, accounting for 20%, and is expected to invest up to 500 million yuan for project development and construction. In the past 12 months, the company and related parties have invested a total of 538 million yuan in joint investments, exceeding 0.5% of the latest audited net assets. The project is expected to undertake a project volume of 3.04 billion yuan, which will help consolidate the company's competitiveness in the Yangtze River Delta region.