Jiangsu Expressway ups deposit cap with Group Finance Company to RMB500.00 million under supplemental agreement

Bulletin Express
03/30

Jiangsu Expressway Company Limited has approved a supplemental agreement with Jiangsu Communications Holding Group Finance Co., Ltd. (“Group Finance Company”) to lift the maximum daily deposit balance to RMB500.00 million from RMB450.00 million.

The revised cap, endorsed at the twentieth meeting of the eleventh board session on 27 March 2026, remains subject to two existing constraints: 1) the balance must stay below 5% of the company’s audited operating revenue, total assets or market capitalisation; 2) it should, in principle, not exceed outstanding borrowings drawn under the credit facilities granted by Group Finance Company. Any excess must be returned to the company within three working days.

All other terms of the original three-year Financial Services Agreement (effective 1 April 2025 to 31 March 2028) remain unchanged. Group Finance Company continues to provide Jiangsu Expressway with: • a general credit line of no less than RMB5.00 billion; and • loan rates no higher than the Loan Prime Rate for the same tenor and no higher than rates offered by major state-owned or national joint-stock commercial banks for comparable conditions, with no pledge or guarantee required.

Management states that the adjustment is intended to enhance cash utilisation efficiency, accelerate fund turnover and reduce financing costs, without affecting overall fund allocation and operations. The supplemental agreement takes immediate effect and shares the same expiry date as the original agreement, 31 March 2028.

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