Chinese architecture: review and approval of the subsidiary's equity acquisition and capital reduction proposal.

The announcement of China Construction states that the 39th meeting of the fourth board of directors held on July 22 approved two proposals. The first is to approve the acquisition of 100% equity of Beijing Jianzhong Situo Engineering Co., Ltd., a subsidiary of China Construction Group, by China Construction First Bureau Group Beijing Smart Environmental Protection Engineering Co., Ltd., a subsidiary; the second is to approve the reduction of registered capital of the wholly-owned subsidiary China Construction Technology Innovation Group Co., Ltd. to 1.6 billion yuan, and the company's shareholding ratio remains unchanged after the reduction.