Anhui Expressway shareholder reduces stake, triggering 1% threshold

Anhui Expressway announced that its shareholder, China Merchants Expressway Network Technology Holdings Co., Ltd., reduced its stake, triggering a 1% threshold change in equity interests. Between October 31, 2025, and November 4, 2025, China Merchants Expressway sold 1,320,200 A-shares through centralized bidding.

Following this transaction, China Merchants Expressway and its affiliated entity, Cornerstone Holdings Limited, collectively hold 495,267,301 shares, representing 28.99% of Anhui Expressway's total share capital. This marks a decrease from their previous combined holding of 29.06%. The direct holding by China Merchants Expressway in A-shares is 402,871,301, accounting for 23.58% of the total share capital.

The company clarified that this change in equity interests will not impact the company's controlling shareholder or actual controller, nor will it significantly affect the company's governance structure or ongoing operations. China Merchants Expressway's previously disclosed share reduction plan is not yet fully completed, and future disposals will be made based on market conditions.