Dashang Co LtdSubsidiary signs 183 million yuan renovation contract to expand and upgrade store, expected to boost operational efficiency and consolidate regional advantages.

Dashang Group's controlling subsidiary, Dashang Daqing New Mart Shopping and Leisure Plaza Co., Ltd., plans to sign a general construction contract with related party China Dalian International Economic and Technical Cooperation Group Co., Ltd., with a total tax-inclusive amount of 183 million yuan. The contract serves the Daqing New Mart renovation and expansion project, aiming to expand business space, deepen brand and format iteration, consolidate core advantages in the Daqing region, and optimize store operational efficiency. The announcement cautioned that due to project complexity and uncertainties in underground construction, unforeseen expenses may arise later, capped at 8 million yuan. In the first quarter of 2026, Dashang Group achieved revenue of 1.976 billion yuan and net profit attributable to the parent of 275 million yuan.
Dashang Co LtdSubsidiary signs 183 million yuan renovation contract to expand and upgrade store, expected to boost operational efficiency and consolidate regional advantages.
As the subsidiary undertaking the renovation, it receives investment to expand business space and improve operations.
Related party awarded 183 million yuan construction contract, generating revenue from the project.