Anhui Expressway Company Limited on 30 April 2026 executed a new Operating Rights Lease Agreement with Anhui Transportation Holding Yida Service Development Group Co., Ltd. for the management of ten expressway service areas from 1 May 2026 to 30 April 2027.

Key terms • Scope: Feidong, Wenji, Quanjiao, Dashu, Wanghe, Taihu, Gongling, one side of Susong, Fushan and Wangzhai service areas. • Permitted businesses: catering, accommodation, vehicle repair, charging stations, food and general retail. • Lease payments: – RMB 6.68 million for the eight months ending 31 December 2026. – RMB 3.41 million for the four months ending 30 April 2027. • Payment schedule: rental due within 20 working days after contract signing. • Renewal: Yida retains first right of refusal upon lease expiry. • Termination clauses include unauthorised sub-letting, illegal operations, non-payment or mutual written consent.

Annual caps and aggregation Incorporating the expiring 2025-26 lease, aggregated annual caps under Hong Kong Listing Rules are set at RMB 10.09 million for 2026 and RMB 3.41 million for 2027. The highest percentage ratio remains above 0.1% but below 5%, qualifying the transaction for announcement-only treatment without independent shareholders’ approval.

Connected-party context Anhui Transportation Holding Group holds 33.63% of Anhui Expressway and wholly owns Yida; the lease therefore constitutes a continuing connected transaction. Four directors associated with the holding group abstained from the board vote. The remaining board members, including independent non-executive directors, concluded that the terms are fair, reasonable and conducted on normal commercial terms.

Strategic rationale Management cites Yida’s recognised expertise—multiple national awards and extensive provincial experience—as a driver for higher service-area quality while providing stable rental income for Anhui Expressway.

The agreement maintains compliance with Hong Kong Listing Rules on disclosure, annual reporting and review requirements.