BEIXIN: Subsidiary wins a 558 million yuan highway project

Beixin Road and Bridge announced that its subsidiary Alar Beixin Transportation Construction Technology Co., Ltd. has been identified as the winning bidder for the fifth contract section of the G217 Shaya-Alar Highway project, with a bid amount of 558 million yuan. The project owner is Xinjiang Asha Highway Development Co., Ltd., with a construction period of 1,095 days and a total length of 28.00 km, including earthworks, pavement, and other projects. Winning this project is beneficial for enhancing the company's competitiveness and market share, and if implemented smoothly, it will positively impact performance. However, the company has not yet formally signed a contract with the owner, and there are uncertainties in the contract terms