Chongqing Construction Engineering announced that the company plans to absorb the wholly-owned subsidiary Bengbu Yujian Construction Engineering Co., Ltd., and after the merger is completed, Bengbu Yujian will be cancelled in accordance with the law, and all of its assets, debts, business and all other rights and obligations will be inherited by the company in accordance with law. This matter has been reviewed and approved by the 60th meeting of the 5th board of directors of the company and still needs to be submitted to the company's shareholders' meeting for consideration. This merger and acquisition does not constitute a related transaction, nor does it constitute a major asset restructuring, and will not have a substantial impact on the company's financial status and operating results.

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