Core Viewpoint - Ninghu Expressway (宁沪高速) is investing up to 9.033 billion RMB in the construction of the Nanyang Yangtze River Bridge South Connection Project to enhance regional highway networks and solidify its leading position in the southern Jiangsu road network [1][3][4] Group 1: Project Investment - The company plans to invest no more than 90.33 billion RMB in the Nanyang Yangtze River Bridge South Connection Project [1][3] - To ensure the project's smooth implementation, Ninghu Expressway will increase its investment in Jiangsu Longtan Bridge Co., Ltd. by 3.27 billion RMB, while Nanjing Highway Development Group Co., Ltd. will invest 1.247 billion RMB [3] - The remaining construction funds of 4.516 billion RMB will be raised through bank loans and other means [3] Group 2: Company Performance - Ninghu Expressway is the only listed toll road company in Jiangsu Province and has shown strong profitability [2][5] - From 2020 to 2024, the company's revenue increased from 8.032 billion RMB to 23.2 billion RMB, and net profit rose from 2.464 billion RMB to 4.947 billion RMB [5] - In the first three quarters of 2025, the company reported a revenue of 12.981 billion RMB, a year-on-year decrease of 7.66%, and a net profit of 3.837 billion RMB, down 6.86% year-on-year [5] Group 3: Shareholder Interest - The company has attracted significant foreign investment, particularly from BlackRock, which has increased its stake over four consecutive quarters, holding 126 million shares, or 2.49%, as of September 2025 [2][7] - Other notable shareholders include JPMorgan Chase and State Street Bank, indicating strong interest from institutional investors [6][7]

Key Points - Yonghui Supermarket's stock may face significant decline risks after a short-term surge [1] - Fuzhijing Technology's actual controller reduced holdings by 1.0429 million shares during abnormal stock fluctuations [1] Investment Projects - Ninghu Expressway plans to invest 9 billion yuan in the construction of the Nanyang Yangtze River Bridge southern connection project [1] - China Shipbuilding Special Gas plans to invest approximately 870 million yuan to build an annual production facility for 3,383 tons of high-purity hydrogen sulfide and other electronic gases [1] Contract Wins - Jicheng Electronics won contracts totaling approximately 215 million yuan for multiple State Grid projects [1] - Beixin Road and Bridge secured a 180 million yuan engineering project [1] - Beijing Kerui won a 498 million yuan State Grid project [1] Equity Acquisitions - Blues Technology intends to acquire 100% of Peimei Gao International to expand into the AI computing infrastructure sector [1] - Daon Co. plans to acquire 80% of Ningbo Aisikai [1] - Alibaba Travel Investment intends to subscribe for 20% equity in Zhongxin Youyou through a 55% stake in Hangzhou Aixin [1] Share Buybacks - Xingyu Co. plans to repurchase shares with an investment of 200 million to 300 million yuan [1]

Key Points - Yonghui Supermarket (601933.SH) may face significant downside risk after a large short-term price increase [2] - Fuzhijun Technology (002222.SZ) saw its actual controller reduce holdings by 1.0429 million shares during the period of abnormal stock fluctuations [2] - Ninghu Expressway (600377.SH) plans to invest 9 billion yuan in the construction of the Nanyang Yangtze River Bridge southern approach project [2] - Jicheng Electronics (002339.SZ) won contracts totaling approximately 215 million yuan for multiple State Grid projects [2] - Lens Technology (300433.SZ) intends to acquire 100% of Peimei Gao International to expand into the AI computing infrastructure sector [2] - Xingyu Co., Ltd. (601799.SH) plans to repurchase shares with an investment of 200 million to 300 million yuan [2] - Zhuangyuan Pasture (002910.SZ) board member Ma Hongfu plans to reduce holdings by no more than 3% [2] - Ruili Kemi (001285.SZ) has received project designation from clients [3] - Guangliwei (301095.SZ) plans to establish a wholly-owned subsidiary in Singapore focused on application research and global sales [3]

Core Viewpoint - Jiangsu Ninghu Expressway Co., Ltd. plans to increase capital for its subsidiary Jiangsu Longtan Bridge Co., Ltd. to invest in the Nanjing Metropolitan Circle Ring Expressway project, with a total estimated investment of up to RMB 9.03272 billion [2][3][21]. Group 1: Investment Overview - The company will increase its capital contribution to Jiangsu Longtan Bridge Co., Ltd. by RMB 3.26964 billion, while another shareholder, Nanjing Public Road Development Group Co., Ltd., will contribute RMB 1.24672 billion [4][13]. - The total investment for the Nanjing Yangtze River Bridge South Connection Project is estimated at RMB 9.03272 billion, with the capital contribution accounting for 50% of the total investment [21][15]. Group 2: Financial Impact - After the capital increase, the company's shareholding in Jiangsu Longtan Bridge Co., Ltd. will rise from approximately 57.33% to about 63.80% [4][16]. - The project is expected to enhance the overall traffic capacity of existing projects and increase traffic flow and toll revenue, thereby improving the operational efficiency of Jiangsu Longtan Bridge Co., Ltd. [21][19]. Group 3: Project Details - The project will connect the existing Nanjing Yangtze River Bridge and its northern connection to the regional expressway network, with a total length of approximately 19.627 kilometers [21][20]. - The project will be constructed to a dual six-lane expressway technical standard, with a design speed of 100 km/h [21][20]. Group 4: Approval and Compliance - The investment decision was approved by the company's board of directors and does not require shareholder approval, as it falls within the board's decision-making authority [5][52]. - The project is not classified as a major asset restructuring or related party transaction under relevant regulations [5][5].

Core Viewpoint - Jiangsu Ninghu Expressway (00177.HK) has signed a capital increase agreement with Longtan Bridge Company and its shareholders to enhance its investment in infrastructure projects, specifically the Nanjing Metropolitan Area Ring Expressway [1] Group 1: Capital Increase Agreement - The capital increase agreement involves an increase in registered capital of Longtan Bridge Company by RMB 4.51636 billion [1] - Longtan Bridge Company will invest up to RMB 9.03272 billion for the construction of the Nanjing Metropolitan Area Ring Expressway from Provincial Road 338 to the Huhong Expressway section [1] - The company will contribute RMB 3.26964 billion from its own funds or other compliant funding sources to the capital increase [1] Group 2: Shareholding Changes - After the capital increase, the company's shareholding in Longtan Bridge Company will rise from approximately 57.33% to about 63.80% [1] - Shareholder Nanjing Highway will contribute RMB 1.24672 billion to the capital increase [1] - The remaining construction funds of RMB 4.51636 billion will be sourced through bank loans and other means by Longtan Bridge Company [1]

智通财经APP讯，江苏宁沪高速公路(00177)公布，2025年12月10日，公司与龙潭大桥公司及其股东签署 《增资协议》。根据《增资协议》，龙潭大桥公司增加注册资本金人民币45.1636亿元，并以龙潭大桥 公司为投资主体投资不超过人民币90.3272亿元建设南京都市圈环线高速公路338省道至沪蓉高速段项 目。公司将以自有资金或其他符合出资要求的资金人民币32.6964亿元向龙潭大桥公司增资，龙潭大桥 公司股东南京公路将以人民币12.4672亿元对龙潭大桥公司增资，其余建设资金人民币45.1636亿元，将 由龙潭大桥公司向银行贷款等方式筹集。本次增资后，公司对龙潭大桥公司的持股比例将由约57.33% 增加至约63.80%。 ...

江苏宁沪高速（600377）公路(00177)公布，2025年12月10日，公司与龙潭大桥公司及其股东签署《增 资协议》。根据《增资协议》，龙潭大桥公司增加注册资本金人民币45.1636亿元，并以龙潭大桥公司 为投资主体投资不超过人民币90.3272亿元建设南京都市圈环线高速公路338省道至沪蓉高速段项目。公 司将以自有资金或其他符合出资要求的资金人民币32.6964亿元向龙潭大桥公司增资，龙潭大桥公司股 东南京公路将以人民币12.4672亿元对龙潭大桥公司增资，其余建设资金人民币45.1636亿元，将由龙潭 大桥公司向银行贷款等方式筹集。本次增资后，公司对龙潭大桥公司的持股比例将由约57.33%增加至 约63.80%。 ...

（於中華人民共和國註冊成立的股份有限公司） （股份代號：00177） 關於對外投資事項的公告 須予披露交易及關連交易 本 公 司 董 事 會 及 全 體 董 事 保 證 本 公 告 內 容 不 存 在 任 何 虛 假 記 載、誤 導性陳述或者重大 法 律 遺 漏，並 對 其 內 容 的 真 實 性、準 確 性 和 完 整 性 承 擔 個 別 及 連 帶 法 律 責 任。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 JIANGSU EXPRESSWAY COMPANY LIMITED 江蘇寧滬高速公路股份有限公司 鑒於本公司該項注資根據香港上市規則第14.07條計算的最高適用百 分比率超過5%但低於25%，故該項注資將構成本公司的須予披露交易， 僅 須 遵 守 披 露 規 定。 根據香港上市規則第14A.07(1)條，由 於 南 京 公 路 持 有 龍 潭 大 橋 公 司 10%或 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 JIANGSU EXPRESSWAY COMPANY LIMITED 江蘇寧滬高速公路股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00177） 海外監管公告 第十一屆監事會第十七次會議決議公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 規 定 作 出。 茲 載 列 本 公 司 在 上 海 證 券 交 易 所 網 站 及 中 國 報 章 刊 登 的 公 告。 特 此 公 告。 承董事會命 汪 鋒 執行董事 中 國‧南 京，2025年12月11日 於 本 公 告 日 期，本 公 司 董 事 為： 陳雲江 # 、王穎健 # 、謝蒙萌 # 、汪鋒、張新宇、楊少軍 # 、楊建國 # 、馬忠禮 # 、 徐 光 華 * 、葛 揚 * 、顧 朝 陽 * 、譚 世 俊 * 、孫 立 軍 * # 非執行董事 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容二引致的 任 何 損 失 承 擔 任 何 責 任。 JIANGSU EXPRESSWAY COMPANY LIMITED 江蘇寧滬高速公路股份有限公司 第十一屆董事會第十七次會議決議公告 本 公 司 董 事 會 及 全 體 董 事 保 證 本 公 告 內 容 不 存 在 任 何 虛 假 記 載、誤 導 性 陳 述 或 者 重 大 遺 漏，並 對 其 內 容 的 真 實 性、準 確 性 和 完 整 性 承 擔 法 律 責 任。 一. 會議召開情況 – 1 – （一）江 蘇 寧 滬 高 速 公 路 股 份 有 限 公 司（以 下 簡 稱「本公司」）第 十 一 屆 董 事 會 第 十 七 次 會 議（以 下 簡 稱「會 議」）於2025年12月10日以現 場 會 議 及 視 頻 會 議 相 結 合 的 方 式 召 開。 （二）會 議 通 知 以 郵 件、傳 真 的 方 式 向 董 事 會 全 ...