BHCC HOLDING (01552) announced that on September 9, 2025, its indirect wholly-owned subsidiary BHCC Project 2, together with other bidders, jointly submitted a tender for leasing Singapore land for industrial development.

According to the bidding conditions, a bid bond (including BHCC's guarantee of approximately S$3 million, equivalent to approximately HK$18 million) has been paid to the tender authority, representing no less than 5% of the bid price. If the bid is accepted, the bid bond will be used to pay part of the tender price. If the bid is not accepted, the bid bond will be refunded to the bidders before or upon expiry of the bid validity period, which is ten weeks from the expiry of the bid validity period or the last day of any extension period notified by the tender authority.

Prior to paying the bid bond, BHCC Project 2 entered into a pre-bid agreement with other bidders, which involved (among other things) the proposed joint submission of the bid and the intention to establish a joint venture company after bid acceptance, including leasing and developing the land.

The land is a plot located at Tukang Innovation Drive (Plot B) in Singapore for Industrial Business 2 development, covering approximately 18,722.2 square meters. To develop the Group's property development division, the Group intends to continue exploring public land tenders and/or joint venture projects for developing land for different purposes (including residential, industrial and commercial projects) to further expand and diversify its development property portfolio.

The Group believes that the plot has good development prospects as it is adjacent to well-established industrial and residential areas, including Jurong East and Clementi areas. The plot is close to leisure, entertainment and retail facilities, with convenient transportation providing easy access to Ayer Rajah Expressway, Ahmad Ibrahim Road, major arterial roads, and nearby MRT stations such as Jurong East, Boon Lay and Pioneer, as well as future MRT stations including Tukang and Jurong Hill.

The Company is optimistic that if the bid is successful, the acquisition of this plot will enable the Company to strengthen its property development division and diversify its property development portfolio.