Shenzhen Expressway Co., Ltd. (00548) has announced that its plan to issue corporate bonds totaling no more than RMB 8 billion to professional investors has received registration approval from the China Securities Regulatory Commission (Document No. 576 [2024]). On January 5, 2026, the issuer and the lead underwriter conducted an inquiry for the coupon rate with professional institutional investors via an off-line placement. Based on the results of the book-building process, the final coupon rate for this bond issue has been set at 1.98%.