Shandong Hi-speed subsidiary completes Guangdong Expressway divestment for 2.435 bn yuan

Shandong Hi-speed Company Limited announced that its wholly-owned subsidiary, Shandong Hi-speed Investment Development Co., Ltd., has completed the share transfer registration for its 9.68% equity interest in Guangdong Provincial Expressway Development Co., Ltd.

This transaction involved 202,429,927 shares, which were sold at a price of 12.03 yuan per share, totaling a transaction value of 2.435 billion yuan. The shares were transferred to Shandong Tonghui Capital Investment Group Co., Ltd. via a non-public agreement transfer.

The divestment was approved at the company's sixth board of directors' eighty-first meeting on November 28, 2025, and subsequently passed at the fourth extraordinary general meeting of shareholders on December 15, 2025. With the receipt of the "Share Transfer Registration Confirmation" from China Securities Depository and Clearing Corporation Limited on December 24, 2025, the Investment Company no longer holds any shares in Guangdong Provincial Expressway Development Co., Ltd.

This transaction represents a significant move in Shandong Hi-speed's asset management strategy.