CRBC Won the Bid for Hospital Franchise Project in Chile

On October 23, CRBC won the bid for the Civil Engineering and Equipment Supply Installation and Maintenance Franchise Project of the Hospitals in Maule Region of Chile.

The Project is located in the three cities of CAUQUENES, CONSTITUCION and PARRAL in the Maule Region of south-central Chile. The main engineering content includes the civil construction, equipment supply and installation and facility maintenance of the three hospitals. The project construction period is approximately 44 months, and the operation and maintenance period is 15 years. After the completion of the Project, the medical services will benefit nearly 200,000 people in the surrounding area, greatly improving the public health service conditions in the region and the distribution of medical resources for low- and middle-income groups. It is an important part of the Chilean government’s plan to resume social and economic activities in the post-epidemic period.

This Project is the Company's first bid for a franchise project in the public health sector overseas, marking a new breakthrough made by the Company in Latin America and laying a solid foundation for the Company's long-term sustainable development in the Latin American market.