CR ASIA (00831) announced that on October 8, 2025, its indirect wholly-owned subsidiary, Glory, entered into a terms document with contractor Gankai Cold Chain Engineering Services Limited. Under the agreement, the contractor undertakes to provide engineering services for a construction project at the property, with a total contract value of HK$18.8 million, to be executed in accordance with other terms and conditions agreed upon by Glory and the contractor in the construction contract.

The property is located at the entire second floor of the Precision Manufacturing Centre, 3 Tai Hei Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong. The engineering work involves renovation of food production facilities within the construction project, including demolition, construction, electrical systems (including power supply upgrades), air conditioning, fresh air and ventilation systems, plumbing and drainage systems, fire protection systems, ultra-low voltage systems, and Internet of Things systems construction.

Upon completion of the construction project, the Group expects to realize several key benefits, including enhanced baking capacity and efficiency through the use of modern baking equipment. These improvements are anticipated to help boost the Group's business opportunities, product supply, market competitiveness, and operational efficiency.