Zhejiang Construction Investment seeks approval for major share issuance and asset acquisition

Zhejiang Construction Investment Group Co. announced plans to issue shares to acquire equity stakes in three construction entities and raise supporting funds. The acquisition involves 13.05% of Zhejiang No. 1 Construction Group Co., 24.73% of Zhejiang No. 2 Construction Group Co., and 24.78% of Zhejiang No. 3 Construction Group Co. This transaction is scheduled for review by the Shenzhen Stock Exchange's Listing Review Center soon, with the specific meeting time to be announced later.

The completion of this share issuance, asset acquisition, and fundraising is contingent upon passing the Shenzhen Stock Exchange's review and securing a registration approval decision from the China Securities Regulatory Commission (CSRC). The company emphasizes that the final outcome of these approvals and their timing remain uncertain.

Zhejiang Construction Investment has committed to timely disclosure of information regarding the progress of this matter. Investors are advised to exercise caution in their decision-making and be aware of the associated investment risks. The announcement was issued by the board of directors on November 19, 2025.