Shandong Hi-Speed shareholders approve asset transfer, new compensation plan

Shandong Hi-Speed Company Limited held its fourth extraordinary general meeting on December 15, 2025, where two key proposals were passed. The meeting, attended by 309 shareholders representing 87.0481% of total voting shares, took place in Jinan, Shandong Province. The first proposal, concerning the transfer of Guangdong Expressway A shares held by a wholly-owned subsidiary, received overwhelming approval with 99.9185% of A-share votes in favor.

The second significant proposal, the "Measures for the Management of Operating Performance Assessment and Compensation of Directors and Senior Management of Shandong Hi-Speed Company Limited (Trial)," was also approved. This proposal saw 99.7260% of A-share votes cast in favor. For shareholders holding less than 5% of shares, the asset transfer proposal passed with 95.0682% of votes, while the compensation plan received 12.4291% in favor and 84.0450% against, indicating a difference in voting patterns among smaller shareholders for the second item.

Both resolutions were ordinary resolutions, requiring more than half of the votes from attending shareholders. Shandong Gaosu Group Co., Ltd., as an associated party, abstained from voting on the first proposal.