According to the Zhitong Finance App, Xinyi Network Group (01686) announced that the company's subsidiary Internet Advantage is entering into a further security system engineering contract with Li'an in stages (the first contract was signed on June 29, 2022). Li'an should carry out, be responsible for and complete further security system engineering for the project. The total contract amount payable by Connectivity Advantage to Li'an under the Further Security Systems Engineering Contract will not be more than HK$9.011,300.
Further security system works are expected to commence in the second half of 2022. Further security system works are expected to be completed in or before the second half of 2023.