CONNECTED TRANSACTION - ENTERING INTO CONSTRUCTION CONTRACT
On 25 September 2019, WHCF, a subsidiary of the Company (as the principal) entered into the Construction Contract with CCSEB First Company (as the contractor) in respect of the construction of the Wuhan Project, pursuant to which CCSEB First Company agreed to undertake the construction of the Wuhan Project, be responsible for the civil works, installation and construction, water supply and drainage, heating, electrical engineering and other works under the Wuhan Project.