China Merchants Expressway shareholder pledges additional stake for financing

China Merchants Expressway Network & Technology Holdings announced today that Shu Dao Capital Holdings Group, which holds over 5% of the company's shares, completed a share pledge transaction with CITIC Securities Co. The pledge involves 53,149,606 shares, representing 13.5% of Shu Dao Capital's total holdings and 0.78% of the company's total share capital. The pledge, effective from November 20, 2025, is set to mature on November 19, 2028, and is for financing.

Following this transaction, Shu Dao Capital's total pledged shares now amount to 177,165,354, representing 45.00% of its total holdings and 2.61% of China Merchants Expressway's total share capital. The company confirmed there is currently no risk of forced liquidation, and the pledge is not expected to impact the company's operations or governance.

China Merchants Expressway will continue to monitor the pledge status and associated risks, committing to timely disclosure. Investors are advised to exercise caution and refer to future company announcements.