JNBY (03306) announced that on April 17, 2026, its indirectly wholly-owned subsidiary, Huipu Apparel, entered into a construction contract with the contractor Zhejiang Provincial Construction Engineering Group Co., Ltd. Under the contract, the contractor will provide services for the construction of a new modern campus on the land. The total contract value is RMB 600 million (approximately HKD 680 million), subject to the terms and conditions of the construction agreement.

Referring to the company's announcements dated June 5, 2025, and July 11, 2025, the company had acquired the land in 2025 for the development of the new modern campus. The project aims to create a new corporate park integrating digital research and development with intelligent warehousing for the company. JNBY anticipates that upon completion, the new modern campus will serve as the corporate culture center for its business operations.

Following the completion of a quotation and comparison process, the company selected the contractor as the general contractor for the new modern campus building project based on the construction agreement. The company believes that the construction contract will provide sufficient development space on the land to support the company's growth. Furthermore, due to its proximity to the company's existing headquarters, the project is expected to bring necessary synergies to the group's operations and development.