Sichuan Road & Bridge subsidiary fund registered for railway project

Sichuan Road & Bridge Construction Group Co., Ltd. (Sichuan Road & Bridge) announced its subsidiary is participating in the Mian-Sui-Nei railway Mian-Sui section's pre-station engineering project through a fund subscription model. The fund, Sichuan Shulu Changtong Equity Investment Partnership (Limited Partnership), has successfully completed its registration with the Asset Management Association of China. The total investment for this fund is CNY 13.28 bn.

The investment aims to secure construction tasks for the Mian-Sui-Nei project, with the primary goal being the acquisition of construction mandates rather than fund investment returns. This development aligns with the partnership agreement for the fund and is not expected to negatively impact the company's financial condition or operating results.

Sichuan Road & Bridge highlighted that while the fund has completed its registration, such investments inherently involve a long cycle and lower liquidity, making them susceptible to changes in national policies, industry trends, and the fund's operational performance. The company will continue to monitor the fund's progress and fulfill disclosure requirements in accordance with regulations.