JIANGSU EXPRESS (00177) increases capital with the same proportion as Wu Fengshan Bridge Company.

JIANGSU EXPRESS (00177) announced that, due to the increase in prices of main materials, the investment in the south-north road connection part of the Wufengshan Cross-River Passage has increased by 384 million yuan. In addition, due to the adjustment of land acquisition and demolition costs, the investment in the highway section of the Wufengshan Yangtze River Bridge has increased by 36.65 million yuan. 40% of the additional investment will be increased by each contributor according to their respective equity proportion in the Wufengshan Bridge Company. The Wufengshan Bridge Company will increase its investment by 168 million yuan, with shareholders contributing according to their shareholding proportions. Our company will contribute 109 million yuan, accounting for 64.5%; Jiangsu Communications will contribute 37.03 million yuan, accounting for 22.01%; Yangzhou Traffic will contribute 22.6961 million yuan, accounting for 13.49%. After the capital increase, the registered capital of Wufengshan Bridge Company will increase from 48.26 billion yuan to 49.95 billion yuan. The highway section of the Wufengshan Yangtze River Bridge and the south-north road connection project under our company's subsidiary Wufengshan Bridge Company are high-quality, profitable, and have a strong investment return rate. However, due to changes in the market environment, the project costs have increased. The original shareholders providing pro-rata capital increase will help ensure the normal operation and development of the project, promote the long-term sustainable development of Wufengshan Bridge Company, and further enhance the return on investment for shareholders.