Gelonghui, December 29丨Shandong Road and Bridge (000498.SZ) announced that on December 11, 2023, Shandong Road and Bridge Group Co., Ltd. (“Road and Bridge Group”), a subsidiary of Shandong Expressway and Bridge Group Co., Ltd., won the bid for the construction of the JZTJ-4 section of the Jinan to Zaozhuang Railway Civil Engineering (“Jizao High Speed Rail Project” or “this project”), with a bid amount of about 2.707 billion yuan.

According to the tender documents and supporting documents of Shandong Jizao High Speed Rail Co., Ltd. (hereinafter referred to as “Jizao High Speed Rail Company”), the tenderer for this project, the Luqiao Group's bid plan is a short-term investment. The investment amount for this project is 1/7 of the winning contract amount. Among them, expenses related to rail plate prefabrication and transportation are not included in the investment base.

As the winning bidder for the Jizao High Speed Rail Project, Luqiao Group plans to respond to the tender requirements and jointly invest with the related party Shandong Tiefa Asset Management Co., Ltd. (hereinafter referred to as “Tiefa Asset Company”) to invest 26,31359.76 million yuan with its own capital to subscribe to the Jinan Zaoqiao Investment Partnership (limited partnership) (tentative name, hereinafter referred to as “Zaoqiao Partnership”) limited partner share.