Core Viewpoint - Dongguan Holdings (000828) is currently upgrading the Guanshen Expressway to enhance traffic capacity and efficiency, with a focus on minimizing disruption to traffic flow [1] Group 1: Project Details - The main line of the Guanshen Expressway is currently operating under a dual six-lane standard, with the expansion project advancing to a dual ten-lane standard, and some sections will adopt a dual twelve-lane standard [1] - The construction of the upgrade began in 2022 and is expected to be completed by the end of 2028 [1] Group 2: Construction Approach - The project prioritizes minimizing interference with traffic flow, focusing construction efforts on peripheral sections [1] - During the construction period, only temporary closures of specific stations, such as Dongguan Station and Management Center Station, have occurred, without implementing unilateral closures on the main line [1]

Group 1 - The core project of the fund is the Yichang-Changde Expressway, which is a transportation facility spanning 73.083 kilometers with six toll stations [1] - The fund has changed its asset evaluation agency to Zhonglian Asset Appraisal Group Co., Ltd., effective from January 22, 2026, to meet the asset evaluation service needs [2] - The decision to change the evaluation agency has been approved according to the internal regulations of the fund manager and the project company [3] Group 2 - Zhonglian Asset Appraisal Group Co., Ltd. is located at 28 Fuxingmennei Street, Beijing, with Hu Zhi as the legal representative [4] - The change in evaluation agency does not involve any changes to the evaluation methods of the real estate project and will not adversely affect the rights of fund shareholders [4] - The fund's real estate project is currently operating stably, and there are no undisclosed significant information [5]

2.二级管制路段（限速60，禁止大客车、危化品车辆驶入）：G2京沪高速徐宿段，G3京台高速全线， G15沈海高速连云港，盐城段，G1516盐洛高速盐城段，S49新扬高速宿迁段，S69济徐高速徐州段； S16连宿高速宿迁段。 扬子晚报/紫牛新闻记者 笪越 3.三级管制路段（限速80）：南通、盐城、泰州、淮安、南京、宿迁、常州、镇江地区大部分路段。 二、收费站管制： 转自：扬子晚报 因配合交通事故处理需要，临时关闭长深高速大浦、宋庄收费站入口。 1月19日12:00，目前，受降雪路面湿滑影响，江苏高速公路部分路段采取了限速、限车型等管制措施， 无封闭管制路段。 一、路段管制： 1.一级管制路段（限速40，仅允许黄牌货车驶入）：G30连霍高速徐州段，G2513淮徐高速徐州、宿迁 段。 ...

Group 1 - The company stated that several projects mentioned have original operating periods expiring between 2026 and 2027 [2] - The company is currently undertaking the expansion and reconstruction of the Jihe Expressway, and upon completion, the government will approve the operating period based on policy [2] - The specific expiration dates and arrangements for the Meiguan Expressway and Shui Guan Expressway will be determined according to government announcements [2]

Group 1 - Jiangsu Yunsong Capital Management Co., Ltd. increased its stake in Shenzhen Expressway Company Limited (00548.HK) by acquiring 7.474 million shares at an average price of HKD 7.3198 per share, totaling approximately HKD 54.7082 million [1] - Following the acquisition, Jiangsu Yunsong Capital's total shareholding rose to 89.7 million shares, increasing its ownership percentage from 11.00% to 12.00% [1][2]

Group 1 - Jiangsu Yunsong Capital Management Co., Ltd. increased its stake in Shenzhen Expressway Company Limited (00548) by 7.474 million shares at a price of HKD 7.3198 per share, totaling approximately HKD 54.7082 million [1] - After the transaction, Jiangsu Yunsong's total shareholding reached 89.7 million shares, representing a 12% ownership stake in Shenzhen Expressway [1] - The transaction involved other related parties, specifically Jiangsu Communications Holding Co., Ltd. [1]

Group 1 - Jiangsu Yunsong Capital Management Co., Ltd. increased its stake in Shenzhen Expressway Company Limited (00548) by 7.474 million shares at a price of HKD 7.3198 per share, totaling approximately HKD 54.7082 million [1] - After the transaction, the total number of shares held by Jiangsu Yunsong Capital is 89.7 million, representing a 12% ownership stake [1] - The transaction involves other related parties, specifically Jiangsu Communications Holding Co., Ltd. [1]

Group 1 - Shenzhen Expressway Company Limited (00548.HK) announced the subscription of a structured deposit product with a principal amount of RMB 500 million on January 9, 2026 (Phase 1) [1] - On January 12, 2026, the company further subscribed to another structured deposit product with a principal amount of RMB 500 million (Phase 2) [1]

| 证券代码：600548 | 证券简称：深高速 | | | 公告编号：2026-005 | | --- | --- | --- | --- | --- | | 债券代码：188451 | 债券简称：21 | 深高 | 01 | | | 债券代码：185300 | 债券简称：22 | 深高 | 01 | | | 债券代码：240067 | 债券简称：G23 | 深高 | 1 | | | 债券代码：241018 | 债券简称：24 | 深高 | 01 | | | 债券代码：241019 | 债券简称：24 | 深高 | 02 | | | 债券代码：242050 | 债券简称：24 | 深高 | 03 | | | 债券代码：242539 | 债券简称：25 | 深高 | 01 | | | 债券代码：242780 | 债券简称：25 | 深高 | Y1 | | | 债券代码：242781 | 债券简称：25 | 深高 | Y2 | | | 债券代码：242972 | 债券简称：25 | 深高 | Y3 | | | 债券代码：242973 | 债券简称：25 | 深高 | Y4 | | | 债券代码：244479 | ...

Core Viewpoint - Shenzhen Expressway Company Limited (00548) aims to enhance the efficiency of fund utilization while ensuring the safety of raised funds and compliance with investment plans through cash management of temporarily idle raised funds [1] Group 1 - The company has subscribed to a structured deposit product worth RMB 1 billion in a dedicated cash management account at Jiangsu Bank Co., Ltd. Shenzhen Technology Branch [1]