Shandong Hi-Speed to vote on major highway bid

Shandong Hi-Speed Road & Bridge Group Co., Ltd. announced its intention to convene the third extraordinary general meeting of shareholders for 2025 on December 9, 2025. Shareholders will vote on a proposal for the company's subsidiaries to participate in the bid for the Yiyuan-Zoucheng section of the Weifang-Zoucheng Expressway project. This project, with an estimated contract value of CNY 1,020,000.00, involves construction and investment, with the company's subsidiaries committing to an investment of up to CNY 145,714.29.

The bid involves establishing a project company with the inviting party, Shandong Hi-Speed Infrastructure Construction Co., Ltd., a related party as a wholly-owned subsidiary of Shandong Hi-Speed Group Co., Ltd., the company’s controlling shareholder. The board of directors approved the proposal on November 21, 2025, with all independent directors consenting to the related party transaction. The independent directors determined the transaction is in the best interest of the company and its shareholders, citing the project's strategic alignment and potential positive impact on performance.

The meeting will be held both in-person and via online voting, starting at 14:30 on December 9, 2025, for the in-person session, with online voting available from 9:15 to 15:00. The equity registration date for the meeting is December 3, 2025.