JIANGSU EXPRESS (00177) signed a capital contribution agreement with Changzhou Jiaokong for the Danjin project.

Jiangsu Express (00177) announced that, in order to optimize road network construction and continue to consolidate its leading position in the southern Jiangsu road network, the company's eleventh board of directors approved the proposal for the investment and construction of the Funing to Liyang Highway Dan Yang to Jintan section project at its fifth meeting held on October 29, 2024. The company plans to invest in the Funing to Liyang Highway Dan Yang to Jintan section (referred to as the "Dan Jin project") with its own funds and other funds that comply with laws and regulations for capital contribution, totaling RMB 1.27118 billion, in partnership with the investment entity in Changzhou. The investment entity in Changzhou will contribute RMB 0.43282 billion in capital. On November 16, 2024, the company signed an investment agreement with Changzhou Transport Holdings Group Co., Ltd. (Changzhou TKE), agreeing to jointly invest in the establishment of Jiangsu Danjin Expressway Co., Ltd. (tentatively named, referred to as "Dan Jin Company"), responsible for the investment, construction, and operation management of the Dan Jin project. The scope of the project to be invested and constructed in this agreement includes: starting from the junction of Dan Yang New District at the Shanghai-Rongcheng Expressway, connecting to the existing Zhenjiang to Dan Yang expressway to the north, passing through Dan Yang East, Erling, Jintan East, Jiaze to the junction with the Shanghai-Wuhan Expressway at the Jintan Economic Development Zone interchange, connecting to the existing Changzhou to Liyang Expressway. The total length of the route is 41.35 kilometers, with the Dan Yang section being 28.627 kilometers and the Changzhou section being 12.723 kilometers.