Junjie Group Holdings (08188) signed a memorandum of understanding with Tengxin Construction

Zhitong Finance App News, Junjie Group Holdings (08188) issued an announcement. On July 28, 2026, Junjie Engineering Co., Ltd. (Junjie Hong Kong), an indirect wholly-owned subsidiary of the company, signed a memorandum of understanding with Tengxin Construction Co., Ltd. (Strategic Partner) regarding the strategic cooperation between the two parties.

According to the memorandum of understanding, Junjie Hong Kong and strategic partners intend to cooperate in the following areas: 1. Develop a tunnel drilling rig business in Hong Kong, targeting the Hong Kong market; 2. Introduce advanced machinery and construction technology from strategic partners to target infrastructure projects in the northern metropolitan area of Hong Kong to meet the goals of the Hong Kong Special Administrative Region Government of China to improve efficiency and reduce costs; 3. The development of public-private partnership (PPP) business in Hong Kong is aimed at public-private cooperation projects in Hong Kong, particularly infrastructure projects in the Northern Metropolitan Area where the Hong Kong Special Administrative Region Government of China has expressed strong interest, and other civil engineering projects that may require a public-private partnership structure; 4. A strategic partner may provide project financing, whether for a project cooperated by the parties concerned or a separate project carried out by Junjie Hong Kong, but only after the parties concerned have signed a separate written agreement.

Junjie Hong Kong and strategic partners recognize their complementary strengths and hope to explore opportunities for cooperation in tunneling, infrastructure and public-private partnerships in Hong Kong, particularly for development projects in the northern metropolitan area, to meet the goals of the Hong Kong Special Administrative Region Government of China to improve efficiency and reduce costs.