Jiangsu Expressway to boost governance, invest in new projects

Jiangsu Expressway Company Limited has called for its first extraordinary general meeting of shareholders in 2025, scheduled for December 18, 2025, to approve key governance reforms and investment proposals. The meeting will address the abolition of the supervisory board, transferring its functions to the board's audit committee. These changes aim to streamline operations and enhance governance in line with new company law regulations.

In addition to governance overhauls, the company announced strategic investments. Shareholders will vote on a proposal to increase the capital of its subsidiary, Jiangsu Longtan Bridge Company Limited, by yuan 4.51636 bn to fund the construction of the Nanjing Metropolitan Circle Expressway. Other proposals include establishing a new subsidiary for the 150MW Crab-Light Complementary Project and several related party transactions.

The board has approved these resolutions, with detailed amendments to the company's governing documents provided in the meeting materials. All resolutions will require shareholder approval by special resolution, with certain related party transactions undergoing specific voting procedures where conflicted directors abstained.