On January 31, the framework agreement about the combo of Beijing Capital Development Holding (Group) Co., Ltd. subject to cooperative bid invitation made by director of the municipal key project office Xu Jianyun and the National Speed Skating Hall “Ice Ribbon” was signed. As one of the member units of the combo, Secretary of the Party Committee & Chairman of our group Chen Daihua signed on the framework agreement.

On the same day, our group signed the Shareholders’ Agreement jointly with Beijing State-owned Assets Management Co., Ltd., Beijing Capital Development Holding (Group) Co., Ltd., BUCC and China National Sports Group to make investment in the establishment of Beijing National Speed Skating Hall Operation Co., Ltd. In the future, Beijing National Speed Skating Hall Operation Co., Ltd. will become the construction operator of “Ice Ribbon”.

It is the first time that social capital was successfully introduced to get involved in venue construction and operation in Beijing Winter Olympic Games 2022. In the future, the investment amount of Beijing State-owned Assets Management Co., Ltd. as the representative of the government investor of National Speed Skating Hall will account for 49%, while the investment amount of social capital combo made up of our group and etc. will account for 51%. The project investment, construction and operation will be made in the operation mode of BOT (Build-Operate-Transfer). According to the framework agreement, the project cooperation period is 30 years, including approximately three-year construction period, approximately two-year Olympic service period and approximately 25-year operation period after game.

As the member unit of social capital combo, our group owns rich experience in investment, construction and operation. Before 2008, our group built 41 venues for the Summer Olympics including National Stadium, National Indoor Stadium and Olympic Village. In the venue construction of Olympic Winter Games, in addition to National Speed Skating Hall, our group also won the bidding of National Alpine Skiing Center and the Winter Olympic Village project, thus our group became the only building general contractor globally which not only got involved with the construction of the main venue of Summer Olympic Games, but also got involved with the construction of the main venue of Winter Olympic Games.

At present, our group has organized top talents to enter the site. Our group will implement the green, sharing, open and clean-fingered concept about holding Olympic Games under overall coordination made by the municipal key project office, adhere to the spirit of craftsman of great power, make close coordination with other units in the combo, make great efforts, collect the wisdom of all people, realize high-quality and high-standard construction of National Speed Skating Hall and long-term sustainable operation after game, and offer assistance for our country to hold one session of wonderful, extraordinary and outstanding Olympic Games.