Group 1 - The company Jiangsu Ninghu Expressway Co., Ltd. has invested up to RMB 500 million in the Nanjing Lode Huizhi Equity Investment Partnership (Lode Huizhi Fund) as part of a collaborative effort with its subsidiaries and other partners [1][2] - The total scale of the Lode Huizhi Fund is capped at RMB 1.5 billion, with a minimum duration of five years, including investment, extension, and exit periods [2] - As of the announcement date, the company has made contributions to 10 projects through the fund, with 4 projects having exited and 6 projects still ongoing [2] Group 2 - The fund's original duration was set to expire on August 3, 2025, but due to incomplete exits of invested projects, the duration has been extended to August 3, 2030, to ensure orderly exits and fund operation [2][3] - The board of directors approved the extension of the fund's duration without requiring a shareholder meeting, and it does not involve related party transactions or constitute a major asset restructuring [3] - The extension of the fund's duration is based on a comprehensive assessment of the market environment and investment project conditions, and it is not expected to significantly impact the company's performance or operations [3]