Zhitong Finance App News, Wuyi, China (000797.SZ) issued an announcement. The company held the first meeting of the 8th board of directors on March 25, 2024 to review and pass the “Proposal on the 2024 Investment Plan”. Among them, the investment plans for renewal projects: the company has 30 renewal projects. The total investment plan is 3,991 billion yuan in 2024. The funding sources are 2,917 billion yuan from the project's own capital, 740 million yuan in bank loans, and other 334 million yuan.

Investment plan for new expansion projects: In terms of real estate development business, considering that the property market has entered an inventory removal cycle, the overall land acquisition strategy in 2024 is based on prudence. The plan is to obtain 1.5 billion yuan of land reserves, focusing on plots located in the core area of the company's strategic development area. In terms of international engineering contracting business, the international engineering sector plans to sign new contracts worth 2.5 billion yuan in 2024 to increase project bidding and expansion efforts in traditional markets such as the East African region centered on Kenya and the Southeast Asia region centered on the Philippines.