Anhui Expressway Plans Joint Venture for S24 Expressway Project

• Anhui Expressway plans a joint venture with an Anhui Transportation Holding Group-led consortium and Changgao Expressway for the S24 expressway project.
• The company will contribute RMB 26.27 million for a 2% stake; Anhui Transportation Holding Group will own 48.5%.
• Total project investment is estimated at RMB 6.57 billion, including RMB 1.31 billion in joint venture capital.
• The consortium secured the bid for the Hangzhou-Hefei Expressway Xuancheng Section Phase II, with construction scheduled for 36 months.
• The toll collection period is 352 months; the joint venture will not be consolidated into the company's accounts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anhui Expressway Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261023-12381962), on October 23, 2026, and is solely responsible for the information contained therein.