Guangdong Yueyun proposes renewal of annual caps for related transactions

Guangdong Yueyun Transportation Company Limited is proposing to renew the annual caps for existing continuing connected transactions with its controlling shareholder, Guangdong Provincial Communication Group Company Limited (GCGC), for the period from January 1, 2026, to December 31, 2028. These transactions include expressway service subcontracting and advertisement subcontracting arrangements, as well as the rescue services entrustment master agreement.

The proposed annual caps for subcontracting arrangements for the years ending December 31, 2026, 2027, and 2028 are 376,307,000 yuan, 425,704,000 yuan, and 436,333,000 yuan, respectively. For the rescue services entrustment master agreement, the proposed annual caps for the same periods are 314,328,000 yuan, 316,117,000 yuan, and 317,924,000 yuan, respectively. These figures consider existing contractual obligations and estimated values from new arrangements, including 22 new subcontracts for expressway service zones and 9 for advertisement arrangements.

GCGC, holding approximately 74.12% of the company's issued share capital, is a connected person, making these renewals subject to reporting, annual review, announcement, and independent shareholders' approval under Chapter 14A of the Listing Rules, as the highest applicable percentage ratio exceeds 5%. An extraordinary general meeting (EGM) will be held around December 1, 2025, for shareholders to consider these proposals.