THE PEAK- CRUCG SPARES NO EFFORT IN SPEEDING UP CONSTRUCTION PROGRESS

01May 2020– Despite facing a labour crunch and supply delay in the market, China Railway Urban Construction Group Co., Ltd (“CRUCG”)has rose to the challenge by getting in place the necessary resources to speed up the construction progress for The Peak Project (“Project”).

“We sincerelythankOxley Gem (Cambodia) Co., Ltd (“Oxley Gem”)for entrusting CRUCG with theopportunity to take over this iconic project. Their relentless support and guidance have been highly instrumental in letting us achieve this remarkable progress in barely two months since we started work in March 2020”quoted Mr Jia Ruo Hua, General Manager of Branch of CRUCG in Cambodia.

Oxley Gem highly commends CRUCG on their resolute commitment and effort to focus on their work on the Project and is very pleased to learn that CRUCG has implemented thorough safety measures to provide a safer workplace in light of theCovid-19 situation.

Photos of The Peak Project showing CRUCG doing night shifts with the extra manpower

“It is easy to make promises during good timesbut difficult to deliver results,especially in this current challenging climate. With a strong and experienced developer like our partner, Oxley Holdings Limited, we were able to rapidlyturn the situation around to work towards the successful completion of this project,” Chairman of Worldbridgeland (Cambodia) Co., LtdOknha Rithy Searsaid.

At the same time, Executive Chairman and CEO of Oxley Holdings Limited Mr Ching Chiat Kwong also expressed his appreciation for his Cambodian partner, “Worldbridgeland has always been a most trusted and reliable partner. Wevalue our partnership with Worldbridgelandand will continue to work closely with them to achieve good results for our projects in Cambodia.”