Shang Hai Zheng Quan Bao·2025-12-10 17:48Core Viewpoint - Jiangsu Ninghu Expressway Co., Ltd. plans to increase capital for its subsidiary Jiangsu Longtan Bridge Co., Ltd. to invest in the Nanjing Metropolitan Circle Ring Expressway project, with a total estimated investment of up to RMB 9.03272 billion [2][3][21]. Group 1: Investment Overview - The company will increase its capital contribution to Jiangsu Longtan Bridge Co., Ltd. by RMB 3.26964 billion, while another shareholder, Nanjing Public Road Development Group Co., Ltd., will contribute RMB 1.24672 billion [4][13]. - The total investment for the Nanjing Yangtze River Bridge South Connection Project is estimated at RMB 9.03272 billion, with the capital contribution accounting for 50% of the total investment [21][15]. Group 2: Financial Impact - After the capital increase, the company's shareholding in Jiangsu Longtan Bridge Co., Ltd. will rise from approximately 57.33% to about 63.80% [4][16]. - The project is expected to enhance the overall traffic capacity of existing projects and increase traffic flow and toll revenue, thereby improving the operational efficiency of Jiangsu Longtan Bridge Co., Ltd. [21][19]. Group 3: Project Details - The project will connect the existing Nanjing Yangtze River Bridge and its northern connection to the regional expressway network, with a total length of approximately 19.627 kilometers [21][20]. - The project will be constructed to a dual six-lane expressway technical standard, with a design speed of 100 km/h [21][20]. Group 4: Approval and Compliance - The investment decision was approved by the company's board of directors and does not require shareholder approval, as it falls within the board's decision-making authority [5][52]. - The project is not classified as a major asset restructuring or related party transaction under relevant regulations [5][5].