Beixin Road and Bridge announced that the company plans to use Beixin Road and Bridge as the sponsor to carry out infrastructure REITs declaration and issuance work using the Chongqing Expressway capacity expansion project owned by its wholly-owned subsidiary. The board of directors of the company agreed to authorize management to handle related matters. The authorization is valid for 24 months. This transaction does not constitute a major asset restructuring and does not constitute a related transaction.

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