DIT Group Limited (0726.HK)

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DIT Group signed a strategic cooperation agreement with the Eastern China branch of CSCEC’s Fifth Bureau.

source
http://dit.aconnect.com.hk/document/press/pressEN_20210419.pdf

19 April 2021

DIT Group Limited (“DIT” or the “Group”, SEHK stock code: 726), an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction in the People’s Republic of China (“PRC”), is pleased to announce that the Group’s parent company, Drawin Group, signed a strategic cooperation agreement with the Eastern China branch of The Fifth Bureau of China State Construction Engineering Corporation (“CSCEC”), the two parties will conduct in-depth cooperation in general contracting of prefabricated construction projects, PC components supply and other fields, also negotiate and explore cooperation in plant design of industrial parks, production line planning and design, construction, production equipment, technical support, and operation. The CSCEC’s Fifth Bureau was founded in 1965, ranking 18th in the world's top 500 - a wholly owned backbone enterprise of China State Construction Engineering Corporation Limited, and a modern investment and construction group integrating investment, construction and operation, ranked top three in CSCEC and second in the top 100 enterprises in Hunan Province. It mainly engaged in housing construction, infrastructure construction, investment, and real estate development.

DIT Group’s chief executive officer and executive director Guo Weiqiang said, “The CSCEC’s Fifth Bureau and Drawin Group have a good foundation for cooperation, with promising and broad cooperative prospects, looking forward to both parties’ commitment to a long-term strategic partnership in construction industrialization, grasping opportunities of rapid development in the era of smart building, achieving mutual benefit and win-win result. Last year, the Group signed strategic cooperation agreements with many reputable companies including JD Group, Jinke Property Group, Sunriver Holding Group and Jujiang Construction Group to create synergy, further expanded business segments, and consolidated business advantages of the entire industry chain and laid a steady foundation of purchase orders pipeline for business this year. In the future, we will strengthen similar strategic cooperation, form a sustainable business model through strong alliances and complementary advantages, broaden different cooperation areas, and deepen the group's footholds across China.”

About DIT Group Limited
Headquartered in Changsha and Zhengzhou, the PRC, DIT Group is an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction (PC). The main business of the Group covers smart prefabricated manufacturing, landscaping services and decoration. The Group has already set up several smart PC plants nationwide. It runs 15 self-operated PC plants and several plants owned and operated by franchisees.

With the consistent adherence to its development strategy of “driving development with leading technology”, the Group is equipped with the five most advanced core technology systems specific to the industry of prefabrication construction in the world with the Group’s possession of a plenitude of core technologies ranging from BIM in the context of intelligent construction, the Internet of Things, Big Data to artificial intelligence. The number of the Company’s patents has been continuously ranking first in the prefabricated construction industry.

DIT Group is committed to becoming a leading service provider of integrated solutions in smart building. In 2020, it announced a new strategy of “Smart Home” to create an innovative value chain-wide collaboration model. It is committed to making technological innovation in the entire value chain such as smart homes to help promote the development of the prefabricated construction industry.

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Tina Law / Shana Li
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