Zhejiang Expressway (00576) rose more than 3%, reaching HK$7.81 by the latest update, with a trading volume of HK$58.1923 million. The increase follows the company's recent announcement that it has signed a cooperation agreement with several partners, including a technology research institute, a digital intelligence transportation institute, Zhejiang Gaoxin, and a commercial group. Under the agreement, the parties will jointly establish a new company focused on investing in, constructing, and operating low-altitude infrastructure.

The announcement highlighted that low-altitude economy has been identified as an emerging pillar industry in the Chinese government’s 2026 work report, indicating broad market prospects and rapidly expanding application scenarios. Additionally, low-altitude economy is a key policy-supported development direction in Zhejiang Province, and the establishment of the joint venture aligns with the province’s strategic layout for emerging industries.

The cooperation agreement is expected to leverage the comprehensive resources of all shareholders—covering areas such as aircraft research and development, airspace planning and services, and low-altitude infrastructure construction and maintenance—to support the scaled development of the low-altitude industry.