Shudao Investment Group's tender offer waiver for Sichuan Expressway confirmed

Shudao Investment Group Co., Ltd. now holds 1,096,769,662 shares in Sichuan Expressway Company Limited, comprising 1,035,915,462 A shares and 60,854,200 H shares, representing a 35.86% stake. This acquisition, a result of a merger between Sichuan Provincial Transportation Investment Group Co., Ltd. and Sichuan Provincial Railway Investment Group Co., Ltd., received regulatory approval, exempting Shudao Investment from a mandatory tender offer. The share transfer was completed and information disclosure obligations fulfilled.

The continuous supervision period began on June 4, 2021, and extends for 12 months after the acquisition's completion, covering the period from April 1 to June 30, 2025. CICC confirmed that Shudao Investment has fulfilled all commitments made during the acquisition, including those related to avoiding related-party transactions, maintaining independence, and preventing horizontal competition.

Shudao Investment Group has no current plans to change Sichuan Expressway's main business, dispose of major assets, adjust its board or senior management, modify company charter provisions, or alter employee hiring within the next 12 months. Any future changes will follow legal procedures and information disclosure requirements.