SRBC(SH:600039) Zheng Quan Zhi Xing·2025-09-04 08:16Background Overview - Sichuan Road and Bridge Construction Group Co., Ltd. has approved a proposal for its subsidiary to participate in the bidding for the construction project of the Mianyang-Suining section of the Mian-Sui Railway through a fund subscription model [1] - The subsidiary will form a consortium to bid for the project, and upon winning, will subscribe to a private fund designated by the project owner, with the subscription amount being 1/5 of the winning bid [1] Latest Developments - Recently, to ensure the smooth progress of the Mian-Sui project, the subsidiary, Sichuan Railway Construction Co., transferred its subscribed private fund shares worth 781 million yuan to another subsidiary, Sichuan Road and Bridge East China Construction Co., and to Sichuan Transportation Construction Group [2] - The total private fund shares transferred include 547,003,252.20 yuan to East China Construction and 234,024,917.40 yuan to Transportation Construction Group, with the transfer being an internal transaction within the consolidated financial statements of the company [2] Changes in Investment Partners - The change in investment partners does not affect the total investment amount by the company and its subsidiaries, and the matter has been approved by the company's general manager's office without needing further board or shareholder approval [4] - The new partnership agreement maintains the other main terms of the original agreement, with the total subscribed capital amounting to 2,826,350,933 yuan [3] Impact on the Company - The change in the private fund's investment partner is aimed at ensuring the smooth progress of the Mian-Sui project and does not involve adjustments to the total investment amount by the company and its subsidiaries, thus not having a substantial impact on the company [4] - The new partners, East China Construction and Transportation Construction Group, will be liable for the partnership's debts only up to their subscribed capital, indicating that the risks associated with this transaction are manageable [4]