Jiangsu Expressway sees stake boost, executive director to resign

Jiangsu Expressway Company Limited announced its controlling shareholder, Jiangsu Communications Holding Co., Ltd., through its wholly-owned subsidiary Jiangsu Yunshan Capital Management Co., Ltd. (Yunshan Capital), increased its H shares holdings by 52,862,000. This represents approximately 1.05% of the company's total shares. Following this acquisition, Jiangsu Communications Holding and its concerted parties now collectively hold 2,823,622,825 shares, increasing their shareholding from 55.00% to 56.05%.

The company also disclosed the resignation of Mr. Zhang Xinyu as an executive director and a member of the strategy committee, effective December 18, 2025. This change is attributed to adjustments in the corporate governance structure. Mr. Zhang will continue in other positions within the company.

The increase in equity interests did not trigger a general offer and will not alter the controlling shareholder or de facto controller. Jiangsu Communications Holding and its concerted parties plan to continue evaluating opportunities to increase their H shares holdings.