Sichuan Road & Bridge to unlock restricted shares, continues buyback

Sichuan Road & Bridge Construction Group Co., Ltd. will lift restrictions on 1,977,714,040 shares on December 1, 2025, representing 22.74% of the company's total share capital. These shares originated from a 2022 asset acquisition and a private placement for matching funds. Major holders include Sichuan Shu Dao Investment Group Co., Ltd., Sichuan Expressway Construction and Development Group Co., Ltd., Sichuan Plateau Expressway Co., Ltd., Sichuan Gaolu Cultural Tourism Development Co., Ltd., and Shu Dao Capital Holdings Group Co., Ltd. The lock-up period for these shares was 36 months, with no extensions triggered.

Concurrently, Sichuan Road & Bridge is engaged in a share buyback program. From November 1 to November 21, 2025, the company repurchased 2,710,000 shares at prices ranging from CNY 9.20 to CNY 9.85 per share, totaling CNY 26,212,725.40. As of November 21, 2025, cumulative repurchases reached 7,646,900 shares, representing 0.0879% of total share capital, with a total expenditure of CNY 70,203,437.67. This buyback aims to support employee stock ownership plans or equity incentives.