Gelonghui, May 14 | LET GROUP (01383.HK) announced that on May 14, 2024, the company's 51% subsidiary Suntrust and Contractor (CCSPC) signed a (i) design, supply and delivery agreement. Based on this, Suntrust appointed a contractor (CCSPC) as the contractor to undertake the design, supply and delivery of the project, with a contract amount of approximately HK$455.16 million; and (ii) an installation agreement. The contract amount for the installation of the project is approximately HK$18.546 million.

The design, supply and delivery work and installation work must be carried out by an appointed contractor. The Contractor (CCSPC) is appointed as the contractor for the design, supply and delivery work and installation work in accordance with the design, supply and delivery agreements and installation agreements. The directors believe that the terms of the design, supply and delivery agreements and installation agreements are fair and reasonable, and conform to the overall interests of the Company and shareholders.

The suspension continues.