Core Viewpoint - The company is pursuing a strategic shift back to its core transportation business by acquiring a 51% stake in Jiaokong Petrochemical from Hainan Provincial Transportation Investment Group, which is a significant asset restructuring and related party transaction [2][3][4]. Group 1: Transaction Details - The acquisition will make Jiaokong Petrochemical a subsidiary of the company, included in the consolidated financial statements [3]. - The transaction is still in the planning stage, pending due diligence and formal agreement, with uncertainties regarding the final terms such as share quantity and pricing [3]. - The registered capital of Jiaokong Petrochemical is 36.43 million yuan, with Hainan Transportation Investment Group holding 51% and Sinopec Sales Co., Ltd. holding 49% [3]. Group 2: Strategic Implications - If the transaction proceeds smoothly, it will positively impact the company's goal of returning to its core business and transforming its development, enhancing asset quality and profitability [4]. - The company aims to build a comprehensive transportation service group, aligning with its strategic objectives [4]. - The company is also focusing on digital transformation in transportation, including investments in data infrastructure and exploring integrated transportation solutions [5]. Group 3: Company Background - Hainan Expressway is one of the earliest listed highway companies in China, with a business scope that includes highway construction, real estate development, and tourism services [5]. - Following the restructuring of Hainan Transportation Investment Group, Hainan Expressway will become the sole listed company under its umbrella, tasked with developing a modern comprehensive transportation system [5].