Langfang Transportation Development Expressway Development Co., Ltd. announced that it has signed capital Increase agreement to receive CNY 3,560,000,000 on June 20, 2022. The transaction will include participation from new investor China Merchants Expressway Network & Technology Holdings Co.,Ltd. After the capital increase, China Merchants Expressway Network & Technology Holdings Co.,Ltd. will be holding 95% stake, while Langfang Transportation Development Group Co., Ltd. an existing shareholder will be holding 5% stake in the company. The transaction was approved at 29th meeting of the 2nd directorate of China Merchants Expressway Network & Technology Holdings Co.,Ltd.