M88 Game announces its entry into the subway investment industry and its commitment to comprehensive urban development

July 21，M88 Game Metro Investment and Development Company was unveiled in Shanghai。Today，M88 Game Group and Shanghai STO Metro Group、Shanghai Construction Engineering Group signed a strategic cooperation agreement，A consortium led by M88 Game conducts subway investment and development business in many places across the country。This move marks another new achievement of M88 Game Group’s deepening of industrial transformation，M88 Game adds an important member to its diversified industrial layout，Will effectively promote resource integration and industrial collaboration in green areas，Open up new growth points for corporate sustainable development。Gong Xueping, Director of the 12th Shanghai Municipal People’s Congress Standing Committee、Shanghai Vice Mayor Zhou Bo unveiled the nameplate of M88 Game Metro Investment and Development Company。Deputy Secretary-General of Shanghai Municipal Government，Secretary of the Municipal State-owned Assets Supervision and Administration Commission Party Committee、Director Xu Yibo，Hang Yingwei, President of Shanghai Construction Engineering Group、Vice President Qin Baohua，Gu Weihua, Vice President of Shanghai STO Metro Group，Chairman of M88 Game Group、President Zhang Yuliang and others attended the ceremony。

M88 Game Metro Investment Industry Plan leads strategic partners to form a consortium，In various ways including BT investment model (i.e. Build-Transfer construction-transfer)，Carry out rail engineering investment and construction business in many places across the country，At the same time, actively participate in the comprehensive urban development of areas along the subway。Consortium as the main body of rail project investment and construction，Undertake project capital investment、Planning and Design、Engineering Construction、Equipment operation and other functions，And supervised directly or entrusted by relevant government departments。After completion of the project，The relevant rights are redeemed by government departments in various ways according to different circumstances。In terms of redemption method，Refer to Shenzhen、Successful cases in Guangzhou and other cities，Will be combined with the transfer of land along the route as part of the repurchase condition，M88 Game will participate in the comprehensive functional development of areas along the subway in advance，Leverage the advantages and expertise of green space，Build a business with capabilities、Office、A city complex above the subway that integrates hotels and other functions and supporting service facilities。The overall development model of "railway engineering + regional functions" of green space，Not only will it reduce the pressure on government finances to buy back funds，It will also drive the comprehensive development of rail transit and functions along the lines，Rapidly promote infrastructure transportation construction in various places、Regional functional improvement and economic growth，Achieve win-win situation for all parties。M88 Game is currently accelerating market research and preliminary inspections in many cities across the country，The first batch of investment projects will be established within the year。

Enterprises that have reached a strategic partnership with M88 Game Group this time，All domestic construction、Orbit Development and Operation、Leading companies in tunnel construction and other industries，Have a strong design、Integrated capabilities in construction and development and rich project operation experience。Under the leading organization of M88 Game，The consortium will be in talent、Technology、Complement each other in resource allocation and other aspects，Exercise the superposition effect of advantages，Strive to become a strong force in the development of domestic rail transit and supporting facilities。

Chairman of M88 Game Group、President Zhang Yuliang said，Enter the subway investment industry，It is M88 Game that takes advantage of resource integration、Practical results of evolving towards a platform enterprise。This not only means another upgrade of the greenfield business model，This is also the advantage of M88 Game based on its main business、Active attempts to extend and expand related industries。M88 Game Group and STO、Construction workers join hands，We will firmly seize the "steady growth" of the central and local governments、Promoting investment” and “encouraging social capital to participate in investment in infrastructure” guidance requirements，Revolving around the major infrastructure development needs of cities in various regions，Innovative implementation development model，Realize Shanghai enterprise group linkage to "go global"，In order to quickly promote infrastructure construction in various places、Play a positive role in improving regional functions and economic and social development。