ANHUIEXPRESSWAY has signed a three-year Construction and Other Services Framework Agreement with controlling shareholder Anhui Transportation Holding Group, covering reconstruction, expansion, maintenance, design and ancillary procurement for the Group’s expressways. The pact becomes effective upon independent shareholders’ approval and will run until 25 August 2029.

The Company proposes annual caps of RMB4.11 billion for construction services and RMB3.29 billion for related ancillary services, totalling RMB7.40 billion over the term. Pricing will follow (i) government-regulated or recommended rates, (ii) public tendering, or (iii) market-based quotation comparisons; a price-adjustment mechanism is included for material market changes.

The caps are mainly driven by the RMB4.78 billion budgeted for the Gaojie (G50) and Lianhuo (G30) expressway reconstruction and expansion projects, plus new interchange works, routine maintenance, electromechanical upgrades and a 10% contingency buffer.

An Independent Board Committee and Rainbow Capital (HK) Limited, the independent financial adviser, both consider the terms fair, reasonable and in the Company’s interests. Anhui Transportation Holding Group and its associates (holding about 33.63% of issued shares) will abstain from voting.

Shareholders will vote on the framework agreement and the election of Mr Liu Gang as non-executive director at an Extraordinary General Meeting scheduled for 25 August 2026 in Hefei.