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Amidst sweeping changes, our mission calls us forward. Guided by Ningbo FUBANG Holding Group's development strategy of “one innovation, one transformation, and two modernizations,” the Group has pursued capital-driven investments in infrastructure since 2011, aligning with national policy directions in this sector. In 2012, the Group established its first infrastructure subsidiary—Ningbo FUBANG Infrastructure Investment Co., Ltd.—with a registered capital of 100 million yuan. Starting with the BT project for the Ninghai Shengning Line realignment, it initiated a strategic partnership with China Railway 19th Bureau Group. By late 2014, national infrastructure investment policies shifted to encourage private capital participation in Public-Private Partnership (PPP) projects. FUBANG's infrastructure investments gradually shifted focus from BT to PPP models, expanding geographically from Ningbo to Huzhou and diversifying project environments from mountainous land to offshore engineering. Collaborations were established with China Railway 19th Bureau Group East China Company, Ningbo Communications Construction Group, and Shanghai Tunnel Engineering Company to advance projects including: the Third Contract Section of Xiangxi Line Diversion Project, the G228 Ninghai Xidian to Taoyuan Highway PPP Project, and the Nanxun to Lin'an Highway PPP Project (Nanxun District, Nanxun to Lianshi Section).

To ensure locally appropriate and efficient project management, the Group designated Ningbo FUBANG Infrastructure Investment Co., Ltd. as the primary investment entity for its infrastructure sector. Subsequently, it partnered with several renowned state-owned enterprises to establish Ningbo FUBANG Highway Engineering Construction Co., Ltd. and Huzhou Yongjiao Highway Construction Co., Ltd. To enhance industrial management efficiency, the infrastructure investment sector implements an intensive management framework of “one team for multiple projects, one group for multiple enterprises.” This approach involves meticulously integrating departments, establishing regulations and systems, ensuring the stability and sustainable development of the infrastructure management team. Currently, FUBANG's infrastructure management team comprises 18 professionals, including 12 with bachelor's degrees or higher, 9 holding intermediate or senior professional titles, 2 nationally registered construction engineers, and 1 registered structural engineer. This talent pool fully meets the current development and management demands of the industry.

With over 13 years of dedicated focus on infrastructure investment, FUBANG Group has remained true to its founding mission and pursued excellence. It has cumulatively constructed five national and provincial first-class highways totaling 60 kilometers in length, with a total investment of approximately 6.5 billion yuan. The Shengning Line project was selected as one of Zhejiang Province's first batch of exemplary premium engineering demonstration roads in 2016, winning the Ningbo “Camellia Cup” Gold Award for Outstanding Landscape Engineering and the Zhejiang Provincial Gold Award for Outstanding Landscape Engineering. In 2017, it received the Ningbo “Three Rivers Cup” award. The Xiangxi Line project is the nation's first scenic road demonstration environmental protection project approved by the Ministry of Transport. In 2021, the project achieved the dual honors of Ningbo's “Three Rivers Cup” and “Yongjiang Cup.” In December 2020, the G228 project hosted Ningbo's Transportation Engineering Site Observation Meeting, becoming the province's first demonstration project to extensively promote the application of high-performance marine concrete using mechanically produced sand in national and provincial highways, setting a new benchmark for local highway construction in Ningbo. In September 2024, the Xidian Bay Tunnel—Zhejiang's first coastal tunnel in tidal flat areas—opened to traffic. This renowned “viral” tunnel has become a landmark achievement for Zhejiang's transportation sector and FUBANG's infrastructure industry.

Based in Ningbo, with a comprehensive view of Zhejiang and the nation, FUBANG Infrastructure Industry will pursue a capitalization strategy under the broader context of China's high-quality economic development and its vision to become a transportation powerhouse. We will accelerate in-depth development in transportation investment and horizontal expansion into other infrastructure sectors, tailoring our approach to local conditions. During the Group's Sixth Five-Year Plan period, we aim to solidify our foundation, innovate investment and financing models, broaden its operational scope, and extend its industrial reach. Concurrently, it will strengthen Party-government and cultural development within the enterprise, optimize team building, and build upon its ongoing success in the operation and maintenance management of the G228 project. The goal is to secure the implementation of 5 billion yuan worth of infrastructure investment projects over the next five years. On FUBANG's century-long journey, the infrastructure team embraces shared goals: anchoring in Ningbo, expanding across Zhejiang, and looking nationwide. By making precise investments in each infrastructure project, we will pioneer new chapters in the Group's diversified development.