YUES INTL HLDG (01529) Subsidiary Signs Construction Agreement for Jiangxi Le Lao Hao Traditional Chinese Medicine Logistics Industrial Park Project

Stock News

Jan 23

On January 23, 2026, an indirect wholly-owned subsidiary of the Company, Jiangxi Le Lao Hao Traditional Chinese Medicine Industry Technology Development Co., Ltd. (the "Owner"), entered into a construction contract (the "Construction Agreement") with Fuzhou Chuanghong Construction Engineering Co., Ltd. (the "Contractor").

Under the Construction Agreement, the Contractor agreed to provide construction services for the Jiangxi Le Lao Hao Traditional Chinese Medicine Logistics Industrial Park project, which will be built on a land parcel south of Chuangye Avenue and west of Anshi Mingzhu in Dongxiang District, Fuzhou City, Jiangxi Province, China.

The project involves the construction of a Traditional Chinese Medicine logistics industrial park on the land to enhance the quality of storage services for TCM products.

As mentioned in the Company's announcement dated October 22, 2024, this TCM logistics park will also serve other business segments of the Group, including TCM warehousing, distribution, healthcare, and wellness, thereby exploring a broader market.

The Board believes that this strategic initiative, by diversifying the Group's business, will support long-term development and enhance shareholder profitability and returns.

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