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].

（编辑 楚丽君） 证券日报网讯 9月4日晚间，四川成渝发布公告称，公司之控股子公司成都城北出口高速公路有限公司 （本公司持有其60%股份）投资的成都城北出口高速公路（"城北出口高速"）将于2025年9月17日收费 期限届满，根据四川省交通运输厅的通告，自2025年9月17日24时起，城北出口高速停止收费，对通行 该路段所有车辆免收车辆通行费。 ...

公司将根据上级主管部门统一部署，确保按时终止收费，并做好后续相关工作。城北出口高速2024年度 通行费收入总计为10,329.7万元，占公司2024年度通行费收入总额477,713.53万元的比重较小，收费期限 届满不会对公司业绩产生重要影响。 格隆汇9月4日丨四川成渝高速公路(00107.HK)发布公告，公司的控股子公司成都城北出口高速公路有限 公司（公司持有其60%股份）投资的成都城北出口高速公路（"城北出口高速"）将于2025年9月17日收 费期限届满，根据四川省交通运输厅的通告，自2025年9月17日24时起，城北出口高速停止收费，对通 行该路段所有车辆免收车辆通行费。 ...

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].