JIANGSU EXPRESS (00177) plans to increase capital by 128 million yuan to Danjin Company.

JIANGSU EXPRESS (00177) announced on April 22, 2026, that the company, along with Changzhou Jiaokong, CCCC Third Navigation Engineering Bureau Ltd., Jiangsu Luxiang Traffic Engineering Ltd., Wuxi Traffic Construction Engineering Group Co., Ltd., CCCC Luqiao Huadong Engineering Co., Ltd., Jiangsu Qianmei Traffic Construction Group Ltd., CCCC Second Harbor Engineering Co., Ltd., Jiangsu Jinyan Traffic Engineering Ltd., Xuzhou Traffic Engineering General Contracting Co., Ltd., CCCC First Harbor Engineering Co., Ltd., CCCC Tunnel Engineering Bureau Ltd., Jiangsu Changxin Luqiao Group Ltd. signed the "Jiangsu Danjin Expressway Co., Ltd. Social Capital Introduction Agreement" and jointly contributed capital to Danjin Company. According to the agreement, the company and other contributors will inject cash into Danjin Company. The company will contribute RMB 128 million, while other contributors will contribute a total of RMB 459 million. All parties agree that new investors will contribute RMB 1 for every RMB 1 of registered capital, on the same terms as the existing shareholders, just like the initial investors. After this capital increase, Danjin Company's registered capital will increase by RMB 587 million. The company's stake in Danjin Company will decrease from approximately 74.5998% to about 69.2845%, with Danjin Company remaining a subsidiary of the company. The Danjin project is an important part of the southern Jiangsu expressway network, and its successful implementation will further strengthen the company's leading position in the southern Jiangsu expressway network. By introducing social capital for capital increase, it will help provide necessary funds for the Danjin project while reducing the company's own capital investment requirements.