Beijing Enterprises Urban Resources Group Limited Secures HK\$964.54 Million Tender for Environmental Hygiene Services in Hong Kong

Key Highlights

• Beijing Enterprises Urban Resources Group Limited (the “Company”) announced the successful bid of its 85% owned subsidiary, Shiny Glory Services Limited (HK), for five significant projects in Hong Kong.
• Contract Value: The estimated total value of these contracts is HK\$964.54 million, with an expected annual revenue of HK\$321.51 million over a three-year contract period.
• Commencement Date: The contracts are scheduled to begin on 1 May 2026.
• Scope: The services cover cleaning and supporting operations at leisure venues across Islands, Tsuen Wan, Tuen Mun, Yuen Long, and Kwai Tsing Districts in Hong Kong, under the Leisure and Cultural Services Department.
• Service Details: The projects include cleansing, pest control, waste collection, recyclable collection, and other supporting services for parks, playgrounds, and leisure venues.
• Letter of Acceptance Received: The Company has received the Letter of Acceptance but has not yet entered into formal contracts. Actual contract values and revenues may vary due to market conditions.

Analysis & Potential Impact for Investors

• Major Contract Win: The award of nearly HK\$1 billion in contracts is a significant boost to the Company’s revenue base and strengthens its position in Hong Kong’s environmental hygiene market.
• Revenue Visibility: The expected annual revenue of HK\$321.51 million over three years provides strong revenue visibility and could positively impact future earnings and cash flow.
• Strategic Expansion: This move expands the Company’s presence in Hong Kong and aligns with its core business of environmental hygiene and waste treatment services.
• Share Price Sensitivity: The announcement of such a large-scale contract may be price sensitive, as it could influence investor sentiment and the share price of the Company, given the magnitude of the deal and its implications for growth and profitability.
• Risks: Investors should note that formal contracts are yet to be signed, and actual values may differ from estimates due to unforeseen market changes. There is no profit forecast provided at this stage.
• Management: The Board, led by Chairman Mr. Zhou Min, emphasizes caution for shareholders and investors when dealing in shares, reflecting standard prudent disclosure.

Board and Leadership

• Executive Directors: Mr. Zhou Min (Chairman), Mr. Zhao Kexi (Chief Executive Officer), Mr. Li Haifeng, Mr. Yu Liguo, Mr. Zhou Chen
• Independent Non-Executive Directors: Mr. Wu Tak Kong, Dr. Du Huanzheng, Ms. Judith Yu

Investor Advisory

The Company advises shareholders and potential investors to exercise caution when dealing in its shares, due to the pending formal contract execution and potential variability in actual contract values and revenues.

Disclaimer

This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making investment decisions. The Company has not provided any profit forecasts related to the contracts discussed, and actual results may differ from estimates due to market conditions and other factors.

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