SU Group Holdings Limited announced that it has won a 2-year security guarding bid for a property managed by one of the largest private property asset and facility management groups in Hong Kong, initially covering a premier 600-unit urban property spanning 3 city blocks in downtown Hong Kong. The property has been managed by the management group that holds a significant market share of composite residential development assets and manages a total of 100 million square feet of real estate assets. This is their first time outsourcing security guarding service.

The parties have signed a letter of intent and the Company intends to begin service on April 1, 2024. The parties are actively working towards finalizing a definitive agreement with respect to the project. Security guarding solutions encompass a range of services and measures designed to protect people, property, and assets.

SU Group's security guarding solutions are customizable based on the specific needs and risks of a particular environment, and they play a crucial role in maintaining a secure and safe atmosphere. These solutions typically involve the presence of trained security personnel to deter, detect, and respond to security threats.