BHL SUBSIDARY TO PROJECT MANAGE AUSTRAL SUB-DIVISION

Property group Boyuan Holdings Limited (ASX: BHL) has announced that its subsidiary company Austral (BHL)
Developments has signed a Project Management Agreement (PMA) with another of its subsidiaries, Boyuan Real
Estate Holdings Pty Ltd (BREH) and a third-party, Tcap Kelly St Pty Ltd, to develop a 158 lot sub-division in Austral, in south-west Sydney.

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