MECOM Power and Construction Limited — Capital/Financing Update 2021

May 4, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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MECOM POWER AND CONSTRUCTION LIMITED 澳能建設控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1183)

VOLUNTARY ANNOUNCEMENT SUCCESSFUL TENDER AND AWARD OF PROJECT

This is a voluntary announcement made by the Company to provide the shareholders and potential investors of the Company an update on the latest business development of the Group.

The Board is pleased to announce that the Group has successfully tendered for a project for construction and fitting out works in Macau recently and a summary of the awarded project is set out below:

	Tender		Awarded
Successful tenderer	award date	Scope of work	contract value
			(Note)
EHY	23 April 2021	Supply and installation of	HKD85,000,000
		metal doors for	(equivalent to
		a new hotel complex	approximately
			MOP87,550,000)

Note: Subject to any variation orders as may be requested by the customer from time to time.

The Board wishes to state that no forecast or prediction of the profits of the Group has been made with regard to the award of the above project.

Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

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DEFINITIONS

The following terms have the following meanings in this announcement unless the context otherwise requires:

• “Board”

the board of Directors of the Company

• “Company” MECOM Power and Construction Limited, an exempted company incorporated in the Cayman Islands with limited liability, the issued shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited (stock code: 1183)

• “Director(s)” the director(s) of the Company

• “EHY” EHY Construction and Engineering Company Limited, an indirect whollyowned subsidiary of the Company

• “Group”

  • the Company and its subsidiaries

• “HKD” Hong Kong dollar, the lawful currency of Hong Kong

• “Macau” the Macau Special Administrative Region of the People’s Republic of China

• “MOP” Macanese pataca, the lawful currency of Macau

In this announcement, the exchange rate of HKD1 = MOP1.03 has been adopted for currency translation, where applicable. Such exchange rate is used for illustrative purpose only and does not constitute any representation that any amount in HKD or MOP has been, could have been or may be converted at such a rate or any other rate.

By Order of the Board MECOM Power and Construction Limited Kuok Lam Sek Chairman

Hong Kong, 4 May 2021

As at the date of this announcement, the executive Directors are Mr. Kuok Lam Sek and Mr. Sou Kun Tou, and the independent non-executive Directors are Ms. Chan Po Yi, Patsy, Mr. Cheung Kiu Cho, Vincent and Mr. Lio Weng Tong.

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