Jiangsu Expressway's controlling shareholder raises stake to 55%

Jiangsu Communications Holding Co., Ltd. (Jiangsu Communications Holding), the controlling shareholder of Jiangsu Expressway Company Limited, along with its consistent actors, has increased its stake in the company. From September 9 to November 4, 2025, Jiangsu Yunshan Capital Management Co., Ltd., a wholly-owned subsidiary of Jiangsu Communications Holding, acquired 27,652,000 H-shares of Jiangsu Expressway through the Shanghai Stock Exchange's Hong Kong Stock Connect program. This transaction boosted its share of the company's total capital by 0.5489%.

Following these transactions, Jiangsu Communications Holding and its consistent actors collectively hold 2,770,760,825 shares. This consolidates their total ownership in Jiangsu Expressway to 55.00% of the company’s total share capital. The stake increase demonstrates the controlling shareholder’s confidence in the company’s intrinsic value and stable future development, without triggering a tender offer.

This acquisition did not result in a change of the company's controlling shareholder or actual controller and is not expected to significantly impact Jiangsu Expressway's daily operations. The funds used for the increase in shareholding were derived from legal self-owned and self-raised capital.