Core Viewpoint - Anhui Wantong Expressway (00995) has entered into a joint venture agreement for the establishment of the S98 joint venture company, which will enhance its highway business and regional transportation capacity [1] Group 1: Joint Venture Agreement - The company, along with other members of the S98 consortium, has signed a joint venture agreement on August 20, 2025 [1] - The total investment in the S98 joint venture company amounts to RMB 1.01 billion [1] - The initial registered capital of the joint venture company is expected to be RMB 100 million [1] Group 2: Investment Contributions - The investment contributions from various members are as follows: Anhui Jiaokong Group will contribute RMB 484.84 million, the company will contribute RMB 202.02 million, and other members will contribute varying amounts totaling RMB 1.01 billion [1] - Specific contributions include RMB 151.51 million from Water Safety Construction Company, RMB 151.51 million from Kaiyuan Road and Bridge Company, RMB 10.1 million from Jiaokong Engineering, RMB 5.05 million from Jiaokong Construction, and RMB 5.05 million from Jinxin Logistics [1] Group 3: Strategic Importance - The S98 highway segment from Qianqiao to Lukou is a crucial link between Anhui and Jiangsu provinces [1] - Participation in this project will allow the company to expand and enhance its highway business layout, thereby improving overall profitability [1]