bingoroyal| New city construction and development plans to purchase 85 concrete mixing trucks for 14.72 million yuan

New City Construction and Development (00456) Announcement issuedbingoroyal, on May 24, 2024bingoroyal, the company plans to purchase a total of 85 concrete mixing trucks from the seller (Huizhou City Jinsha Trading Co., Ltd.) at a total consideration of RMB 14.72 million, which must be purchased at the issue price of 0 per consideration share upon completionbingoroyal.866 HK$1847bingoroyal.60,000 consideration shares.

As the company has been engaged in property development business in China, the company intends to diversify its business by providing concrete logistics and transportation and preparation services to a number of property developers in China, thereby horizontally expanding the group's business and serving as an additional source of income for the group. The purchase of 85 concrete mixing trucks will be used for the preparation and transportation of concrete.