Major shareholder pledges over 70m shares

China Merchants Expressway Network & Technology Holdings has announced that its major shareholder, Shu Dao Capital Holdings Group Co., Ltd., has pledged 70,866,142 shares. This pledge, for financing purposes, represents 18% of Shu Dao Capital's holdings and 1.04% of the total share capital.

This disclosure coincides with other recent announcements concerning the company's management. The company's Secretary of the Board and Head of Information Disclosure, Meng Jie, has resigned due to work adjustments, with Deputy General Manager Nie Yibin temporarily assuming these duties.

Multiple bond trustee reports from CITIC Securities, Huatai Securities, and Everbright Securities confirm these management changes and highlight the company's commitment to ongoing disclosure and investor communication. The pledges and management transitions are being closely monitored by investors.