CONCORD NE's subsidiary and the contractor have signed a project agreement involving approximately 159 million yuan

CONCORD NE (00182.HK) announced that its wholly-owned subsidiary, as the owner, has entered into engineering, procurement, and construction agreements with contractors. According to these agreements, the owners will engage the contractors to undertake the projects at a contract price of approximately 4.214 billion Korean Won (approximately HKD 22.76 million) for each contract, with a total contract price for all such engineering, procurement, and construction agreements amounting to approximately 29.499 billion Korean Won (approximately HKD 159 million).

Each of the owners is engaged in the development and operation of solar power generation facilities. The subject matter of the agreements involves the contractors providing services on a turnkey basis, including design, engineering, procurement, construction, commissioning, debugging, and testing, for the owners to undertake the projects, which are to be completed no later than the end of August next year