Recently, Horizon Construction Development Co., Ltd. ("Horizon Construction Development") and the Shanghai Company of China Construction Eighth Engineering Division Corp., Ltd. ("China Construction Eighth Engineering Division") officially signed a strategic cooperation agreement. This cooperation will further deepen the collaborative innovation between the two parties in equipment operations and construction management, jointly exploring a new model of full-chain cooperation in the construction industry.

Zhan Jing, Executive Director and General Manager of Horizon Construction Development, attended the ceremony and delivered a speech. Xu Huibin, Vice President of Far East Horizon and General Manager of the Strategy Center, He Ziming, Advisor to the Strategy Center, Zhang Zhenghong, Party Secretary and Chairman of China Construction Eighth Engineering Division Shanghai Company, and Pan Peng, Deputy Party Secretary and General Manager of China Construction Eighth Engineering Division Shanghai Company, jointly attended the meeting. In addition, multiple leaders of Horizon Construction Development, leaders of Far East Group, and members of the China Construction Eighth Engineering Division team participated in the meeting, jointly witnessing the signing ceremony.

Signing ceremony between Horizon Construction Development and China Construction Eighth Engineering Division Shanghai Company

As one of China's most competitive large-scale comprehensive investment and construction groups, China Construction Eighth Engineering Division is renowned worldwide for undertaking "high-rise, large-scale, special, novel, and urgent" projects. It focuses on developing five major business segments—high-end building construction, infrastructure, real estate development, investment and operations, and innovative businesses—and is deeply involved in the Belt and Road Initiative, having completed a large number of representative projects of enormous scale, complex processes, advanced technology, and significant influence in both domestic and international markets. In recent years, China Construction Eighth Engineering Division has focused on green, low-carbon, and urban renewal fields, achieving remarkable results in photovoltaic industrial parks, zero-carbon buildings, and other areas, making it a leader in the industry's high-quality development.

As a comprehensive equipment operation service provider under Far East Horizon (03360.HK), Horizon Construction Development's core product lines include "aerial work platforms, new support systems, and new formwork systems." As of the end of December 2024, it has established 581 service outlets worldwide, covering nearly 220 domestic cities and 7 overseas countries. The company was listed on the Main Board of the Hong Kong Stock Exchange in 2023 (stock code: 09930.HK) and, with its one-stop integrated "product + service" solutions, continues to create value for users. It ranks 14th on the IRN100 global leasing company ranking and has served more than 320,000 customers cumulatively.

Under this strategic cooperation, the two parties will focus on the main theme of "full-industry-chain services for urban construction" and conduct in-depth cooperation in fields such as building construction, transportation infrastructure, industrial and public buildings, water conservancy projects, and new energy infrastructure, promoting the development of new business formats such as smart cities, commercial complexes, and zero-carbon industrial parks, and injecting sustainable growth momentum into new urbanization.

Zhan Jing, Executive Director and General Manager of Horizon Construction Development

Zhan Jing, Executive Director and General Manager of Horizon Construction Development, stated, "The two parties will integrate Horizon Construction Development's equipment operation advantages with China Construction Eighth Engineering Division's engineering management experience to promote standardization and intelligentization in fields such as aerial work platforms, formwork, and support materials. Leveraging China Construction Eighth Engineering Division's overseas project resources and Horizon Construction Development's global service network, the two parties will jointly expand into Belt and Road markets, build benchmark projects in regions such as Southeast Asia and the Middle East, and enhance the international influence of Chinese brands."

Xu Huibin, Vice President of Far East Horizon and General Manager of the Strategy Center

Xu Huibin, Vice President of Far East Horizon and General Manager of the Strategy Center, pointed out, "This strategic cooperation with China Construction Eighth Engineering Division is a key step for Far East Horizon in implementing its 9500 Strategy and deepening the 'finance + industry' ecosystem synergy. In the future, the two parties will work together to build a symbiotic and win-win industrial ecosystem in areas such as urban renewal, green and low-carbon development, industry-city integration, and international layout, contributing an 'open, collaborative, and innovative' new cooperation model to the industry's high-quality development."

Pan Peng, Deputy Party Secretary and General Manager of China Construction Eighth Engineering Division Shanghai Company

Pan Peng, Deputy Party Secretary and General Manager of China Construction Eighth Engineering Division Shanghai Company, emphasized, "This strategic cooperation is not only resource complementarity between two leading enterprises in the industry but also an innovative practice in the industrial ecosystem chain. In the future, the two parties will take safety, green development, and intelligence as the core, jointly explore an integrated service model of 'design + procurement + construction + operations,' provide the industry with a replicable cooperation model, and jointly build a full-chain ecosystem for emerging industries."

Group photo of attendees