Zheng Quan Zhi Xing·2025-05-27 12:23Core Viewpoint - The report outlines the equity change of Shenzhen Expressway Group Co., Ltd. due to Jiangsu Yunsong Capital Management Co., Ltd. increasing its stake to 10% through the purchase of 10,810,000 H shares, representing 0.43% of the total share capital [1][4][5]. Group 1: Company Information - Shenzhen Expressway Group Co., Ltd. is listed on the Shanghai Stock Exchange with the stock code 600548 [1]. - Jiangsu Yunsong Capital Management Co., Ltd. was established on July 9, 2015, with a registered capital of 1,370 million yuan [3]. - The company is involved in equity investment, asset management, and investment consulting [3]. Group 2: Equity Change Details - The equity change was executed through the Hong Kong Stock Connect, resulting in Jiangsu Yunsong Capital holding a total of 253,786,461 shares in Shenzhen Expressway, which is 10% of the total issued shares [4][5]. - The funding for this equity increase was sourced from the company's own and self-raised funds [5]. - The report confirms that there have been no other changes in shareholding outside of this report [2]. Group 3: Future Plans - Jiangsu Yunsong Capital plans to further increase its holdings in Shenzhen Expressway within the next 12 months, depending on market conditions [4].