Jiangsu Express (00177.HK) announced that last Saturday (16th) it signed a capital contribution agreement with Changzhou Transportation Holding Group to jointly establish "Jiangsu Danjin Expressway Co., Ltd." (Danjin Company), responsible for the investment construction and operational management of the Danjin project.

According to disclosure, the estimated total investment of the Danjin Expressway is 14.563 billion yuan (same below), of which the project's capital is 5.825 billion yuan, accounting for 40% of the total investment. Additionally, the initial registered capital of Danjin Company is tentatively set at 1.704 billion yuan. Among these, Jiangsu Express contributes 1.271 billion yuan, accounting for 74.6%; Changzhou Transportation Holding contributes 0.432 billion yuan, accounting for 25.4%. (js/w)

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