On 30 June 2026, Zhejiang Expressway Co., Ltd. (ZHEJIANGEXPRESS) received registration approval from the China Securities Regulatory Commission (CSRC) for its planned absorption and merger of Zhejiang Oceanking Development Co., Ltd. via share swap.

The CSRC approval (Zheng Jian Xu Ke [2026] No. 1576) authorises ZHEJIANGEXPRESS to issue up to 540.99 million new A shares to complete the transaction. The approval is valid for 12 months and mandates that the merger be executed strictly in line with documents filed with the Shanghai Stock Exchange, with timely information disclosure throughout the process.

The board stated it will carry out all necessary procedures within the prescribed period and continue to meet disclosure obligations. The deal remains contingent on the satisfaction of all conditions precedent outlined in the merger agreements; therefore, completion is not yet certain.