Sichuan Cheng-Chongqing Expressway announced that Shunan Company, a direct wholly-owned subsidiary of the company, signed an equity transfer agreement with Shudao Venture Capital to purchase 85% of the shares of the target company held by Shudao Venture Capital for RMB 2,409 billion. The target companies are 85% and 15% of the shares held by Shudao Venture Capital and Jinhao Group respectively. After the acquisition is completed, the target company will become an indirect non-wholly-owned subsidiary of Shunan Company holding 85% of the shares. Shudao Venture Capital is required to provide performance guarantees for the target company's deducted non-net profit for the year 2026 to 2028. The guarantee amounts are RMB 235 million, RMB 247 million and RMB 270 million, respectively. If the actual realized deducted non-net profit falls short of the guaranteed amount, Shudao Venture Capital must pay performance compensation in cash.

Sichuan Cheng-Chongqing Expressway announced that Shunan Company, a direct wholly-owned subsidiary of the company, signed an equity transfer agreement with Shudao Venture Capital to purchase 85% of the shares of the target company held by Shudao Venture Capital for RMB 2,409 billion. The target companies are 85% and 15% of the shares held by Shudao Venture Capital and Jinhao Group respectively. After the acquisition is completed, the target company will become an indirect non-wholly-owned subsidiary of Shunan Company holding 85% of the shares. Shudao Venture Capital is required to provide performance guarantees for the target company's deducted non-net profit for the year 2026 to 2028. The guarantee amounts are RMB 235 million, RMB 247 million and RMB 270 million, respectively. If the actual realized deducted non-net profit falls short of the guaranteed amount, Shudao Venture Capital must pay performance compensation in cash.