Subsidiary construction company of Sichuan Road & Bridge Group (600039.SH) plans to invest in the construction of the Panzhihua to Yanyuan expressway project.

Sichuan Road & Bridge Group (600039.SH) has announced that its subsidiary construction companies Sichuan Road and Bridge Construction Group Co., Ltd. (referred to as Road and Bridge Group), Sichuan Traffic Construction Group Co., Ltd. (referred to as Traffic Construction Group), and Sichuan Road & Bridge Group East Construction Co., Ltd. (referred to as East Company) plan to participate in the investment of the expressway project from Panzhihua to Yanyuan in a joint venture with the company's affiliated parties Sichuan Expressway Construction and Development Group Co., Ltd. (referred to as Sichuan Expressway Company) and Sichuan Highways Information Technology Co., Ltd. (referred to as Highways Information). The total investment of the project is 34.957 billion yuan, with self-raised capital accounting for 20.20%, approximately 70.61 billion yuan. The company's shareholding ratio is 5%, with Road and Bridge Group, Traffic Construction Group, and East Company holding 2%, 2%, and 1% respectively, totaling approximately 3.53 billion yuan in project capital investment.