Anhui Expressway to acquire 7% stake in Shandong Expressway

Anhui Expressway announced on October 21, 2025, its plan to acquire a 7% stake in Shandong Expressway, amounting to 338,419,957 shares. The acquisition will be conducted via a non-public agreement transfer from Shandong Hi-Speed Group Co., Ltd.

The total transaction value is RMB 3,018,706,016.44, with a per-share price of RMB 8.92. This acquisition is expected to grant Anhui Expressway the right to nominate one director to the board of Shandong Expressway and secure one board seat.

The proposal was unanimously approved by Anhui Expressway's board of directors and will be presented for approval at an extraordinary general meeting. The board has also authorized its chairman and designated personnel to handle all related matters concerning the transaction.