Anhui Expressway (00995) announced that on January 27, 2026, the company entered into the S19 Joint Venture Agreement with other members of the S19 consortium, finalizing the arrangements for the establishment of the S19 joint venture company. The total capital contribution from the consortium to the S19 joint venture will amount to RMB 1.447 billion, with Anhui Transportation Holding Group, the company, Transportation Control Engineering, Transportation Control Construction, Transportation Control Information Industry, and Xunjie Logistics contributing RMB 1.23 billion, RMB 145 million, RMB 43.42 million, RMB 14.47 million, RMB 7.24 million, and RMB 7.24 million, respectively. The initial registered capital of the S19 joint venture company upon its establishment will be RMB 200 million. The purpose and scope of work for the S19 joint venture company are as follows: 1. Purpose and Business Scope: (1) Investment, construction, and management of the S19 project; (2) Operation and management of service facilities and advertising businesses within the designated area of the S19 project; 2. Scope of Work: Project planning, fundraising, preliminary work, construction implementation, operation management, debt repayment, and asset management; the expressway (including land use rights), supporting facilities, and related data must be transferred without charge to the relevant transportation authorities in accordance with the concession agreement. As detailed in the company's announcement dated January 13, 2026, the Shucheng to Tongcheng section of the S19 Huainan-Tongcheng Expressway is a vital link connecting the Huainan and Hefei sections of S19 and integrating with the Hefei-Zongyang Expressway. Establishing the S19 joint venture with other consortium members will enable the company to participate directly in the S19 project. By participating in the S19 project, the company will further expand and enhance its expressway business layout, improve regional transportation capacity, boost its overall profitability, and strengthen its competitiveness within the regional road network. The S19 project will also allow the company to better leverage its experience and advantages in toll road operation, continuously optimizing its expressway asset portfolio, a move that aligns with the company's development strategy.