On 1 April 2026, SZ Expressway—47.30% owned by SZ International—subscribed to a principal-guaranteed, floating-return structured deposit worth RMB1.20 billion with the Bank of China (product code CSDVY202615172).

The 89-day product runs from 3 April 2026 to 1 July 2026 and offers a return range of 0.60% to 2.36%. The transaction qualifies as a discloseable transaction for both SZ International and SZ Expressway under Chapter 14 of the Hong Kong Listing Rules, as the applicable percentage ratios exceed 5% but remain below 25%. Consequently, both companies are required to publish this announcement but are exempt from seeking shareholder approval.

Management cited the deployment of temporarily idle proceeds—part of the RMB4.70 billion raised through SZ Expressway’s March 2025 A-share issuance—as the rationale behind the move, aiming to enhance fund utilisation without affecting planned capital projects. The boards of both companies consider the terms commercially fair, risk-controlled and in the overall interests of shareholders.

SZ Expressway focuses on toll highway operations and general environmental protection, while SZ International’s portfolio spans logistics, toll roads, ports and environmental services, with strategic emphasis on key Chinese economic regions. Bank of China, acting as the issuing bank, is an independent third party to both listed entities.