智通财经网·2025-11-10 13:04Group 1 - The company, Sichuan Chengyu Expressway, 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 of Chengya Expressway will expire on December 31, 2029, and the expansion will allow for the re-evaluation 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 enhance project quality and safety while reducing management and operational costs [2] Group 2 - The company signed engineering contracts with China Huaxi on October 17, 2025, and with Jiaojian Group, Luqiao Group, and Gaolu Information on November 10, 2025, for the construction of the expansion project [1] - The terms of the four engineering contracts are similar, except for the contractor identity, project scope, content, and contract price [1] - The board believes that the contracts are conducted on normal commercial terms and are fair and reasonable, aligning with the overall interests of the company and its shareholders [2]