Core Viewpoint - Jiangsu Ninghu Expressway (00177.HK) has signed a capital increase agreement with Longtan Bridge Company and its shareholders to enhance its investment in infrastructure projects, specifically the Nanjing Metropolitan Area Ring Expressway [1] Group 1: Capital Increase Agreement - The capital increase agreement involves an increase in registered capital of Longtan Bridge Company by RMB 4.51636 billion [1] - Longtan Bridge Company will invest up to RMB 9.03272 billion for the construction of the Nanjing Metropolitan Area Ring Expressway from Provincial Road 338 to the Huhong Expressway section [1] - The company will contribute RMB 3.26964 billion from its own funds or other compliant funding sources to the capital increase [1] Group 2: Shareholding Changes - After the capital increase, the company's shareholding in Longtan Bridge Company will rise from approximately 57.33% to about 63.80% [1] - Shareholder Nanjing Highway will contribute RMB 1.24672 billion to the capital increase [1] - The remaining construction funds of RMB 4.51636 billion will be sourced through bank loans and other means by Longtan Bridge Company [1]

Core Viewpoint - Jiangsu Ninghu Expressway (00177) has signed a capital increase agreement with Longtan Bridge Company and its shareholders, indicating a strategic investment to enhance its stake and fund infrastructure development [1] Group 1: Capital Increase Agreement - The capital increase agreement was signed on December 10, 2025, with Longtan Bridge Company increasing its registered capital by RMB 4.51636 billion [1] - Longtan Bridge Company will invest up to RMB 9.03272 billion for the construction of the Nanjing Metropolitan Area Ring Expressway project [1] - The company will contribute RMB 3.26964 billion from its own funds or other compliant funding sources to Longtan Bridge Company [1] Group 2: Shareholding Changes - After the capital increase, the company's shareholding in Longtan Bridge Company will rise from approximately 57.33% to about 63.80% [1] - Shareholder Nanjing Highway will contribute RMB 1.24672 billion to Longtan Bridge Company as part of the capital increase [1] - The remaining construction funds of RMB 4.51636 billion will be raised by Longtan Bridge Company through bank loans and other means [1]

Core Viewpoint - Jiangsu Ninghu Expressway (600377) has signed an investment agreement with Longtan Bridge Company to increase its registered capital and fund the construction of a highway project in the Nanjing metropolitan area [1] Group 1: Investment Agreement Details - The investment agreement was signed on December 10, 2025, and involves an increase in registered capital of RMB 4.51636 billion for Longtan Bridge Company [1] - Longtan Bridge Company will invest up to RMB 9.03272 billion for the construction of the highway project from Provincial Road 338 to the Huhong Expressway [1] - The company will contribute RMB 3.26964 billion in self-owned or other qualifying funds to Longtan Bridge Company [1] Group 2: Shareholding Changes - After the capital increase, the company's shareholding in Longtan Bridge Company will rise from approximately 57.33% to about 63.80% [1] - Nanjing Highway, a shareholder of Longtan Bridge Company, will contribute RMB 1.24672 billion as part of the capital increase [1] - The remaining construction funds of RMB 4.51636 billion will be raised by Longtan Bridge Company through bank loans and other means [1]