Sichuan Road & Bridge subsidiary secures loan; Q3 investor meeting set

Shenwan Hongyuan Securities, acting as financial advisor, issued an opinion on the continuing supervision of Sichuan ShuDao Investment Group Co., Ltd.'s exemption from making a tender offer for Sichuan Road & Bridge Construction Group Co., Ltd. The opinion, dated November 10, 2025, confirmed that ShuDao Group fulfilled its obligations, operated compliantly, and honored its commitments. This follows the strategic reorganization forming ShuDao Group, which became the controlling shareholder of Sichuan Road & Bridge with 68.04% of its shares.

Separately, Sichuan Road & Bridge announced that its wholly-owned subsidiary, Sichuan Highway Bridge Construction Group Co., Ltd., will provide a loan of 92.5 million yuan to its controlled subsidiary, Meishan Tianhuan Infrastructure Project Development Co., Ltd. This loan has a three-year term at a fixed annual interest rate of 2.80% and follows prior approvals in March 2025 for up to 320.86 million yuan in financing.

In a third announcement, Sichuan Road & Bridge will host an investor meeting on November 20, 2025, from 09:00 to 10:00 AM, to discuss its Q3 2025 operating results and financial condition. Investors can submit questions in advance via the Shanghai Stock Exchange Roadshow Center or email until 4:00 PM on November 19, 2025.