Sichuan Road & Bridge’s controlling shareholder completes block trade reduction

Shu Dao Investment Group, the controlling shareholder of Sichuan Road & Bridge Co., Ltd., has completed a block trade, reducing its holding by 173,911,800 shares, representing 2.00% of the company's total share capital. The shares were transferred to China Post Life Insurance Co., Ltd. The transaction, executed on October 23, 2025, involved a total amount of RMB 1,530,423,840.

Prior to the reduction, Shu Dao Investment Group held 4,950,301,259 shares, or 56.93% of the total share capital. Following the block trade, its holding decreased to 4,776,389,459 shares, reducing its stake to 54.93%. The combined holding of Shu Dao Investment Group and its concert parties decreased from 79.67% to 77.67%, marking a 1% integer multiple change in equity.

This share reduction aligns with the previously disclosed plan and does not impact the company's controlling shareholder or actual controller, nor does it affect the company's governance structure or ongoing operations.