Core Viewpoint - Jiangsu Ninghu Expressway (600377) announced a capital increase for the Xitai project, which is a key provincial transportation project in Jiangsu aimed to start construction in 2024 [1] Group 1: Capital Increase Details - The company signed a supplementary agreement to increase the registered capital of Xitai Company by RMB 5,599,095,550, raising it to RMB 12,099,095,550 [1] - New investors, including some contractors of the Xitai project, will contribute a total of RMB 650 million, while the existing shareholders will fund the remaining portion proportionally [1] - The company's stake in Xitai Company will decrease from 50% to approximately 47.5% after the new investment [1] Group 2: Project Significance - The Xitai project is part of the Jiangsu provincial government's three-year rolling plan and is one of the key provincial transportation projects [1] - Successful implementation of the project will strengthen the company's leading position in the southern Jiangsu road network [1] - The introduction of social capital through this capital increase will provide necessary funding for the Xitai project while reducing the company's own capital investment requirements [1]