Hainan Haiqi Transportation Group Co.Ltd(603069) : the total investment of Baoting Commercial Plaza project shall not exceed 360 million yuan

on Hainan Haiqi Transportation Group Co.Ltd(603069) may 18, it was announced that the company would invest in the construction of Baoting Commercial Plaza project, with a total investment of no more than 360 million yuan. The project plans to build a landmark commercial complex for international tourism consumption with 1 floor underground and 6 floors above the ground, integrating “boutique shopping, characteristic catering, leisure and entertainment and high-end residence”. Among them, the 1 floor underground is a supermarket and car garage, the 1-3 floors above the ground are a commercial complex, the 4 floors are river view characteristic catering area, the 5 floors are cinemas, and some 4-6 floors are high-end hotels. The construction period of the project is expected to be 3 years. It is estimated that the total operating income of the project in 22 years is about 685.39 million yuan, the average annual net interest rate of investment is 2.61%, and the average annual net interest rate of capital is 6.82%. The financial indicators of the project are basically feasible.

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