China Merchants Expressway progresses share buyback program

China Merchants Expressway Network & Technology Holdings has made substantial progress in its share buyback program. As of August 31, 2025, the company has cumulatively repurchased 23,521,768 shares through centralized competitive bidding. This represents 0.344877% of the company's current total share capital.

The repurchases were executed at prices ranging from a minimum of RMB10.58 per share to a maximum of RMB13.40 per share. The total amount of funds expended for these repurchases, excluding transaction fees, reached RMB292,398,607.62. This activity aligns with the company's previously approved plan to repurchase shares for cancellation, thereby reducing its registered capital.

The buyback program, approved by the board on October 16, 2024, and by shareholders on November 1, 2024, set a price ceiling of RMB18.10 per share and a total expenditure ranging from RMB310,000,000 to RMB618,000,000. The company confirms that the repurchases comply with all relevant legal, regulatory, and internal policy requirements.