Zhitong Finance App News, Anhui Wantong Expressway (00995) issued an announcement. On November 6, 2026, the company signed an S24 joint venture agreement with other members of the S24 consortium and agreed on the relevant arrangements for the establishment of the S24 joint venture. The consortium and government funders will invest a total of RMB 1,313 million in the S24 joint venture on behalf of Changgao Expressway. Among them, Anhui Traffic Control Group, the Company, Kaiyuan Road and Bridge Company, Changgao Expressway Company, Traffic Control Engineering, Traffic Control Construction Engineering and Express Logistics will invest RMB 637 million, RMB 26.27 million, RMB 328 million, RMB 197 million, RMB 65.67 million, RMB 39.4 million, RMB 13.13 million and RMB 6.57 million respectively. The initial registered capital of the S24 Joint Venture after registration is RMB 100 million.
The second phase of the S24 Hangzhou-Hefei Expressway Xuancheng section project is an important new interprovincial channel connecting Anhui and Zhejiang. The establishment of an S24 joint venture with other members of the S24 Consortium and Changgao Expressway Company will enable the company to participate in the S24 project. By participating in the S24 project, the company will further expand and enhance the highway business layout, enhance regional transportation capacity, enhance the company's overall profit level, and strengthen its competitiveness in the regional road network. The S24 project will also enable the company to further utilize its experience and advantages in toll road operation and continuously optimize the highway asset layout. This move is in line with the company's development strategy.