Reitar Logtech Holdings Limited (Nasdaq: RITR) (the “Company”), is pleased to announce that its wholly-owned subsidiary, Kamui Cold Chain Engineering and Services Limited, has recently won the bid for the fire system upgrade project of a large smart logistics center located on Airport Island, with a contract amount of HKD 231 million (approximately USD 29.6 million).

The large smart logistics center is located on Airport Island which is adjacent to the Hong Kong-Zhuhai-Macao Bridge, fully leverages its unique geographical advantages and has become a key logistics hub in the Greater Bay Area. This strategic location not only strengthens connections with other cities but also serves as an important gateway for cross-border trade and international freight. As a pioneer in Property + Logistics Technology (PLT) solutions, our mission is to maximizing logistics assets value empowered by logistics technology.

This upgrade will enable the 12-story logistics center, with a total rental area of 4.1 million square feet, to better utilize its high ceiling advantages. This not only enhances compatibility with automation upgrades but also meets the growing automation demands of logistics users, significantly improving the functionality and safety of the warehouse.

The company’s innovative strength and market leadership in the smart logistics field will be fully demonstrated in this project. We look forward to redefining smart logistics standards through this project, laying a solid foundation for future intelligent operations. Looking ahead, we anticipate collaborating with the owner to continuously optimize this logistics center, introducing diversified smart logistics solutions, and striving to build it into a world-class smart logistics hub. This major contract will not only bring considerable revenue but also consolidate our leading position in the field of smart logistics.