Zhejiang Expressway Co. Ltd. has announced a reallocation and change in the use of proceeds from its recent rights issue. The company will direct approximately RMB 5.20 billion towards the reconstruction and expansion of existing expressway projects. Additionally, around RMB 0.92 billion will be allocated for daily operating expenses, including the replenishment of liquidity and repayment of borrowings, to support the development of its core expressway business. The company expects this reallocation to enhance financial and cash flow management, reduce financing costs and leverage, and strengthen funding support for ongoing operations and project implementation. No material change in the nature of the business or other major adjustments to the use of the remaining net proceeds are anticipated.

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