Juhe Data (02479.HK) Subsidiary Signs RMB101.87 Million EPC Contract for Public Security Large Model and Report Robot Production Headquarters

NewTimeSpace News: Tianju Dihe (Suzhou) Technology Co., Ltd. (02479.HK) announced on July 14 that its wholly-owned subsidiary Suzhou Juhe Tianqing Information Technology Co., Ltd. ("Juhe Tianqing") entered into an engineering, procurement and construction (EPC) contract with the contractor. The contractor agreed to undertake the design, procurement and construction of the Public Security Large Model and Report Robot Production Headquarters of Suzhou Juhe Tianqing Information Technology Co., Ltd., at a total consideration of RMB101,872,900.

The contract parties are Juhe Tianqing (wholly-owned subsidiary of the Company) and the contractor (as a consortium): United Creation Era (Suzhou) Design Co., Ltd. (consortium lead member) and Suzhou Fifth Construction Group Co., Ltd. (consortium member). To the best of the Directors' knowledge, information and belief after having made all reasonable enquiries, the contractor and its ultimate beneficial owners are independent third parties.

The project involves the construction of the Public Security Large Model and Report Robot Production Headquarters, located on the south side of Tian'angdang Road and west side of Tayun Road, Wuzhong District, Suzhou, China, for which the Group has obtained the state-owned construction land use rights. The total construction area of the project is approximately 28,351.3 square meters. The contractor is responsible for the design, procurement and construction of the project, including construction drawing optimization design, detailed design and full-process technical services, as well as foundation pit support, civil engineering, installation engineering, outdoor engineering, decoration, intelligent systems and other related construction works (excluding exhibition halls, kitchens, electricity, gas, telecommunications, furniture, etc.), to ultimately bring the project to a move-in ready state.

The expected total construction period is 460 calendar days from the construction commencement date of July 26, 2026, with a planned completion date of October 28, 2027. The design quality standard must comply with current applicable national and local regulations and pass review by relevant competent authorities; the construction quality standard must meet the qualified standard of current national and local construction acceptance regulations.

The total consideration payable by Juhe Tianqing under the EPC contract is approximately RMB101,872,900 (tax-inclusive), including design fees of approximately RMB1,569,900 and construction and installation fees of approximately RMB100,303,000. The consideration is a fixed total contract price. The Group will settle the consideration using internal financial resources and bank loans.

The consideration shall be paid according to the following construction milestones: 20% of the contract price shall be paid within 28 days after signing the EPC contract and obtaining the construction permit; progress payments shall be made upon completion of specific milestones (cumulative payments reaching 97% of the contract price); 3% of the contract price shall be retained as quality guarantee and paid upon completion of final completion acceptance and settlement.

The consideration was determined after fair negotiation with reference to the scope of works to be undertaken, the expected scale and quality of the project, current estimated construction costs, and prevailing prices for projects of similar nature. The contract price is a fixed lump sum and shall not be adjusted except for changes expressly agreed in the EPC contract.

As one or more of the applicable percentage ratios for the transaction contemplated under the EPC contract exceed 5% but are all below 25%, the transaction constitutes a discloseable transaction subject to reporting and announcement requirements, but is exempt from shareholders' approval requirements.

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