Jiangsu Ninghu Expressway Co., Ltd. announced that it plans to acquire 65%, 22.82%, and 12.18% of the shares of Suxi Changnan Expressway Company held by Jiangsu Transportation Holdings, Wuxi Transportation, and Changzhou Traffic Control respectively for 7.341 billion yuan, and will hold 100% of the shares in the target company after completion. The counterparty promised that the cumulative net profit of the 2026-2028 target company will not be less than 611 million yuan. If it fails to meet the promise, 95% will be compensated according to the shareholding ratio. About 30% of the purchase price was paid with own capital, and about 70% was paid with a merger and acquisition loan. In addition, the company plans to pay an interim dividend of $0.25 per share in 2026, for a total of approximately $1,259 million. The above matters still need to be submitted to the Extraordinary General Meeting of Shareholders for consideration.

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