Shenzhen Int'l (00152.HK) announced that its non-wholly-owned subsidiary Shenzhen National Railroads Company, project management institutions, and the construction parties have signed a three-party agreement for the first section and a three-party agreement for the second section, confirming the payment obligations of the Shenzhen National Railroads Company. These payment obligations are related to the construction contracts concluded between the project management institutions and the construction parties for the overlay construction work.

According to these three-party agreements, Shenzhen National Railroads Company must pay approximately 1.596 billion RMB and 1.573 billion RMB, totaling around 3.169 billion RMB, equivalent to about 3.407 billion Hong Kong dollars, to these construction parties through the project management institutions for the engineering & construction work above the Shenzhen Pinghunan project.