Shang Hai Zheng Quan Bao·2025-10-31 05:08Core Viewpoint - The company has announced its quarterly report and various related transactions, ensuring the accuracy and completeness of the information provided, while also detailing significant ongoing projects and their financial implications [2][9][10]. Financial Data and Indicators - The company reported that as of September 30, 2025, the total number of ordinary shareholders was 38,437, with 38,205 being A-share shareholders and 232 being H-share shareholders [4]. - The company has not conducted an audit for the third-quarter financial statements [2]. Major Projects - The Chengle Expressway expansion project, approved in 2017, has an estimated total investment of approximately RMB 251.5 billion, with a completed investment of about RMB 145.14 billion as of September 30, 2025 [4]. - The Tianqiong Expressway BOT project, with an estimated investment of RMB 86.85 billion, is expected to be completed by September 13, 2024, with a cumulative investment of approximately RMB 70.05 billion as of September 30, 2025 [5]. - The G5 Jingkun Expressway expansion project has an estimated total investment of RMB 285.48 billion, with a cumulative investment of approximately RMB 0.80 billion as of September 30, 2025 [6]. Related Transactions - The company signed a framework agreement for daily related transactions with Shudao Investment Group, which holds a 39.861% stake in the company, ensuring compliance with relevant regulations [10][11]. - The company also entered into a service agreement with Sichuan Intelligent Transportation Systems Management Co., Ltd. for highway toll collection services, with an expected transaction amount not exceeding RMB 35 million per year [23][24]. Board Decisions - The company’s board of directors approved the third-quarter report and the related transactions during a meeting held on October 30, 2025, with all resolutions passed unanimously [38][46]. - The board also proposed the nomination of a new independent director, Ro Hong, to replace the outgoing independent director, with the decision pending shareholder approval [35][47].