Core Points - The first highway in Hunan Province, Changyong Expressway, will be free of tolls starting from November 2, 2025, as confirmed by Modern Investment Co., Ltd [1][5] - Changyong Expressway, which opened on December 28, 1994, is 27 kilometers long and connects Huanghua Airport with downtown Changsha, marking the end of Hunan's "no expressway" history [3][5] Summary by Sections Toll Policy - The toll period for Changyong Expressway was originally set for 30 years, from December 28, 1994, to December 27, 2024 [5] - Due to compensatory policies, the toll period has been extended to November 1, 2025, accounting for 79 days of compensation [5] Current Highway Status - After November 2, 2025, Changyong Expressway will join a few other expressways in China that have ceased toll collection [6] - Other expressways in Hunan that are approaching the 30-year mark include Changsha to Xiangtan Expressway (opened December 1996), Changsha to Yiyang Expressway (opened July 1998), and others [6][7]

Core Viewpoint - The toll collection for Chengbei Exit Expressway will end on September 17, 2025, leading to free passage for all vehicles on this route, which is expected to have a minimal impact on the company's overall revenue [1][2]. Group 1 - Chengbei Exit Expressway, invested by Chengbei Exit Expressway Co., Ltd., a subsidiary in which the company holds a 60% stake, will cease toll collection as of September 17, 2025 [1]. - The total toll revenue for the Chengbei Exit Expressway in 2024 is projected to be 10,329.7 million yuan, which represents a small proportion of the company's total toll revenue of 477,713.53 million yuan for the same year [2]. - The company will ensure the timely termination of toll collection and manage subsequent related activities as per the directives from higher authorities [2].

Core Viewpoint - Sichuan Chengyu announced that its subsidiary Chengdu North Export Expressway Co., Ltd. will stop charging tolls for the Chengdu North Export Expressway starting from September 17, 2025, as per the notice from the Sichuan Provincial Department of Transportation [1] Group 1 - The company holds a 60% stake in Chengdu North Export Expressway Co., Ltd. [1] - The toll-free period will commence at 24:00 on September 17, 2025, for all vehicles using the expressway [1]

Core Viewpoint - The Chengbei Expressway, a subsidiary of Sichuan Chengyu Expressway (00107.HK), will cease toll collection on September 17, 2025, which is not expected to significantly impact the company's financial performance due to its relatively small contribution to total revenue [1]. Financial Impact - The total toll revenue from Chengbei Expressway for the year 2024 is projected to be 10.3297 million, which represents a minor portion of the company's total toll revenue of 477.71353 million for the same year [1]. - The cessation of toll collection is aligned with the announcement from the Sichuan Provincial Department of Transportation, and the company will ensure compliance with the directive [1].

Core Viewpoint - Sichuan Chengyu Expressway (00107) announced that its subsidiary Chengdu North Exit Expressway Co., Ltd. will stop charging tolls from September 17, 2025, which will not significantly impact the company's financial performance [1] Financial Impact - The total toll revenue from Chengbei Exit Expressway for the year 2024 is projected to be 10.3297 million, which constitutes a small portion of the company's total toll revenue of 477.71353 million for the same year [1]

Core Viewpoint - Sichuan Chengyu (601107.SH) announced that its subsidiary Chengdu North Export Expressway Co., Ltd. will stop charging tolls for the Chengdu North Export Expressway after September 17, 2025, which will not significantly impact the company's financial performance due to the relatively small contribution of toll revenue from this expressway [1]. Summary by Relevant Sections - **Toll Collection Termination** The Chengdu North Export Expressway will cease toll collection starting from September 17, 2025, at 24:00, as per the announcement from the Sichuan Provincial Department of Transportation [1]. - **Financial Impact** The toll revenue from the Chengdu North Export Expressway for the year 2024 is projected to be 103 million, which represents a small portion of the total toll revenue of 4.777 billion for the company in 2024, indicating that the termination of tolls will not have a significant impact on the company's overall performance [1]. - **Operational Preparedness** The company will ensure the timely cessation of toll collection and will prepare for subsequent related activities in accordance with directives from higher authorities [1].