China State Construction International Holdings Limited (CSCI, Stock Code: 3311) announced the signing of a New Master Engagement Agreement with China Overseas Land & Investment Limited (COLI, Stock Code: 688), extending their existing arrangement for construction works in the Chinese mainland, Hong Kong, and Macau. The renewed term will run from 1 January 2026 to 31 December 2028.

According to the announcement, CSCI may submit tenders for COLI’s construction projects subject to annual caps of HK$1,000 million for the financial year ending 31 December 2026, HK$2,400 million for 2027, and HK$2,400 million for 2028. CSCI noted that no transactions were carried out under the existing agreement for the financial years ended 31 December 2023 and 2024, as well as for the nine months ended 30 September 2025.

CSCI’s board indicated that the renewed agreement was negotiated on normal commercial terms and deems these continuing connected transactions to be fair and reasonable. In line with relevant regulations, the transactions are subject to reporting, announcement, and annual review requirements but remain exempt from independent shareholders’ approval under Chapter 14A of the Listing Rules.