Shandong Hi-Speed subsidiary sells stake in Guangdong expressway for 2.435 bn yuan

Shandong Hi-Speed Company Limited disclosed that its wholly-owned subsidiary, Shandong Hi-Speed Investment Development Co., Ltd., will sell its 9.68% stake in Guangdong Provincial Expressway Development Co., Ltd. to Shandong Tonghui Capital Investment Group Co., Ltd. for 2.435 billion yuan. This transaction, approved by the board of directors on November 28, 2025, constitutes a connected transaction and aligns with the company's long-term strategy of focusing on its core business.

The board of directors also approved performance assessment measures for directors and senior management, alongside a resolution to convene the fourth extraordinary general meeting of shareholders for 2025 on December 15, 2025. Both the asset sale and the performance assessment proposals will be presented to shareholders for approval at this meeting.

This sale follows two previous related-party transactions within the last 12 months, totaling 709.6715 million yuan. The company expects the current divestment to positively impact its financial position and operating performance.