Tianjin Construction Development (2515) Provides Supplemental Details on New Share Placement

Bulletin Express02-23

Tianjin Construction Development Group Co., Ltd. (Stock Code: 2515) issued a supplemental announcement, following its original disclosure dated 11 February 2026, regarding the placing of new shares under a general mandate. The placing’s closing date is set for any business day on or before 11 March 2026, pending satisfaction of all conditions in the placing agreement.

According to the announcement, approximately 34.30% of the net proceeds will go toward establishing a new mechanical leasing platform employing AI technology. Within that allocation, 50.00% is directed to research and development, 40.00% to marketing and operation, and 10.00% to other working capital needs. Meanwhile, an estimated 31.50% will be used for general working capital, including 40.00% for staff salaries and administrative expenses, 20.00% for promotional activities, and 40.00% for repayment of indebtedness. The remaining 34.20% is earmarked for potential investments in start-up companies within the construction industry, each with a valuation not exceeding 50.00 million renminbi. The board anticipates utilizing the net proceeds within three months, subject to operational needs and market conditions. The placing may or may not proceed, and the announcement advises shareholders and investors to exercise caution when dealing in the shares.

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