Zhi Tong Cai Jing·2025-11-10 13:05Group 1 - The company, Sichuan Chengyu Expressway, has announced the establishment of a joint venture, Chengya Expressway Company, with China Huaxi, Jiaojian Group, Luqiao Group, and Gaolu Information to manage the Chengya Expressway expansion project [1] - The existing toll rights for Chengya Expressway will expire on December 31, 2029, and the expansion will allow for a reassessment of toll duration and pricing, ensuring stable cash flow, profit, and asset growth for the company [2] - The joint venture partners possess the necessary technical expertise and experience for highway expansion, which will help ensure project quality and safety while reducing management and operational costs [2] Group 2 - The company has signed engineering contracts with the joint venture partners, with the terms being standard commercial terms in the normal course of business, deemed fair and reasonable for the company and its shareholders [2]