Zhitong Finance App News, Tunnel Co., Ltd. (600820.SH) announced that the “Huixian to Weihui Section Project of the Huixian to Juancheng (Yulujie) Expressway” was franchised by the Xinxiang Municipal Transportation Bureau in 2022. The company's subsidiaries Shanghai Infrastructure Construction and Development (Group) Co., Ltd. (“Shanghai Infrastructure”), Shanghai Urban Construction Group Henan Construction and Development Co., Ltd. (“Henan Construction”) and Xinxiang State-owned Capital Operation Group Co., Ltd. won the bid and signed a relevant investment agreement with Xinxiang Municipal Transportation Bureau due to policy adjustments. Project suspended. After negotiations between the parties, the original franchise agreement was terminated, and the “franchise” model was re-tendered in accordance with the requirements of the new policy mechanism, and the Xinxiang Municipal Transportation Bureau was the implementing agency for this project.

Zhitong Finance App News, Tunnel Co., Ltd. (600820.SH) announced that the “Huixian to Weihui Section Project of the Huixian to Juancheng (Yulujie) Expressway” was franchised by the Xinxiang Municipal Transportation Bureau in 2022. The company's subsidiaries Shanghai Infrastructure Construction and Development (Group) Co., Ltd. (“Shanghai Infrastructure”), Shanghai Urban Construction Group Henan Construction and Development Co., Ltd. (“Henan Construction”) and Xinxiang State-owned Capital Operation Group Co., Ltd. won the bid and signed a relevant investment agreement with Xinxiang Municipal Transportation Bureau due to policy adjustments. Project suspended. After negotiations between the parties, the original franchise agreement was terminated, and the “franchise” model was re-tendered in accordance with the requirements of the new policy mechanism, and the Xinxiang Municipal Transportation Bureau was the implementing agency for this project.