Foreign investment project plan

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Announcement of China Engineering Construction Co., Ltd. on the construction and investment plan of the first phase of the comprehensive development project along Vientiane River in Laos

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy and completeness of the contents of the announcement, and shall be jointly and severally liable for the false records, misleading statements or major omissions of the contents of the announcement.

I. Overview of foreign investment

1. CAMCEInvestment (Lao) Co., Ltd., a holding subsidiary of the Company, hereinafter referred to as? Zhonggong Laos Company? ) Invest in the development of the first phase of the comprehensive development project along the Vientiane River in Laos, with a planned investment scale of 65.438+0.6 billion US dollars.

2. The voting on the investment proposal reviewed by the Board of Directors.

The 9th meeting of the 4th Board of Directors of CCCC was held on July 29th, 20 1 1. With 9 votes in favor, 0 votes against and 0 abstentions, the Proposal on Reviewing the Investment Plan for the First Phase of the Comprehensive Development Project along the Vientiane River in Laos was passed. The amount of this foreign investment is within the authority of the board of directors and does not need to be submitted to the shareholders' meeting for deliberation.

This foreign investment needs the approval of the National Development and Reform Commission and the Ministry of Commerce.

3. This foreign investment does not constitute a connected transaction.

Two. Investor introduction

Company name: CAMCE Investment (Laos) Co., Ltd. Registered address: Vientiane, Laos.

Enterprise type: limited liability company

Legal Representative: Wang Bo.

Registered capital: US$ 3 million.

Business scope: consulting, service, design, construction, business development and investment.

Shareholders: The company holds 70% of the shares, and Laos Jidapeng Group holds 30%.

Third, the basic situation of the investment target

1, project funding source

The investment funds of the project come from the self-owned funds of China Engineering Laos Company, and the insufficient part is solved by China Engineering Laos Company through borrowing from financial institutions.

2. Project content

The land for the comprehensive development project along Vientiane River in Laos is located on the bank of Mekong River in the center of Vientiane, the capital of Laos. It is divided into two plots, upstream and downstream. The location is superior, close to the Lao Presidential Palace, Riverside Park, Vientiane Central Avenue and Embassy District. The whole plot is long and narrow, with a length of about1.700m and a width of about 200-300m along the Mekong River, and has a natural riverside landscape. On April 24th, 20 1 1, China Construction Laos signed a comprehensive development and long-term lease agreement with Vientiane Municipal Government of Laos. The plot covers an area of about 250,000 square meters with a lease term of 50 years. With the approval of the Lao government or Vientiane municipal government, it can be extended for another 40 years. At the same time, China Construction Laos Company has obtained the land development right of 6.5438+0.75 million square meters in the upper reaches of the Vientiane River comprehensive development project in Laos from the Export-Import Bank of Malaysia through agreement transfer, and the relevant development agreement is being negotiated with the relevant departments of the Lao government.

China Engineering Laos Company hired an internationally renowned consulting company to conduct in-depth research on the basic situation of the local market, and on this basis, completed the overall development plan of the whole block. The whole block development will be carried out in three stages. The proposed content includes high-grade villas, shopping malls, high-grade office buildings, business hotels, serviced apartments, medical centers, international schools and other properties. The total development cycle plan is 65,438+00 years. After the project is completed, it will become a new landmark in Laos and a central area of modern commerce, culture, leisure and residence with strong traditional Lao cultural characteristics.

The first phase of the Vientiane Riverside Comprehensive Development Project in Laos will be invested and developed, and about 425,000 square meters of riverside land rights and interests will be obtained. The development land area is about 6.5438+0.2 million square meters, the construction period is about 3 years, and the total investment is about 65.438+0.6 billion US dollars. The first phase of the comprehensive development project along Vientiane River in Laos mainly includes:

(1) acquired the land rights and interests of the upstream and downstream plots, with areas of175,000 square meters and 250,000 square meters respectively. After obtaining relevant rights and interests, it is necessary to relocate and clean up the original residents and buildings.

(2)20 12 Asia-Europe Summit official residence villa project construction. The properties to be built include 50 high-end villas and 1 private clubs. Property development is mainly to meet the residential reception needs of participants in the 20 12 Asia-Europe Summit hosted by Vientiane City.

(3) Develop high-end shops.

(4) Infrastructure construction required for the first phase development of the construction plot.

After the completion of the first phase of the Vientiane Riverside Comprehensive Development Project in Laos, it will have a certain impact on the company's financial situation and operating results.

IV. Purpose of foreign investment, existing risks and impact on the company

1, the purpose of project investment

This project conforms to the company's strategic planning, is the company's first comprehensive regional development project, and is the innovative practice of the company's business model. While bringing economic benefits, it also enables the company to accumulate experience in the development, construction, operation and management of such projects, which has important strategic significance for the company's long-term development and is conducive to enhancing the company's comprehensive competitiveness.

2. The main risks of project investment and its impact on the company

The main risks that may exist in this foreign investment are:

(1) In recent years, the economy of Laos has developed rapidly and the purchasing power of residents has steadily increased. However, due to the lack of similar high-end property development in the local area, the sales forecast lacks reference and there is some uncertainty. The company will hire an experienced professional team to plan the marketing plan and cooperate to complete the sales and realize the profit.

(2) The company initially invested in such comprehensive land development projects, lacking industry experience and professional talent reserve. The company will increase the introduction of talents, make full use of the resources of local and neighboring countries, and organize professional teams to carry out various tasks.

(3) At present, almost all the global financial markets are in the channel of raising interest rates, and the cost of using project funds is at risk of further increase. The company will give full play to its financing advantages, compare and select schemes among a number of banks, select the best ones to raise funds, and reasonably control financing costs.

The above risks are within the company's controllable and affordable range and will not have a significant adverse impact on the company's continuing operations. The successful development and implementation of this project will have a far-reaching and positive impact on the company, which has important strategic significance and will produce better economic benefits and positive social benefits.

Verb (abbreviation of verb) reference document

Resolution of the Ninth Meeting of the Fourth Board of Directors of China Engineering Corporation

It is hereby announced.

Board of Directors of China Engineering Corporation

20 11August1