Sichuan Expressway Company Limited (Stock Code: 00107) released an announcement summarizing several key proposals, including very substantial acquisitions, connected transactions, continuing connected transactions, a proposed change of PRC auditors, and a planned appointment of an independent non-executive director.

The announcement highlights that the company and other co-investors will undertake an expansion of the Chengya Expressway (the “Chengya Expressway Expansion Project”) through construction contracts with a total maximum limit exceeding RMB19.9 billion. The expansion project includes sections for roadbeds, bridges, tunnels, and electromechanical works. Chengya Expressway Company Limited, formed by Sichuan Expressway and multiple contractors, will be responsible for the construction, operation, and management of the project.

In addition, the Group plans to enter into a framework agreement for construction works and related services for 2026, subject to an annual cap of RMB2.825 billion. The agreement covers expressway construction, maintenance, and ancillary services to be adopted through tendering, price comparisons, or price enquiries.

The board also proposes a change of PRC auditors from BDO China Shu Lun Pan Certified Public Accountants LLP to ShineWing Certified Public Accountants (Special General Partnership). The proposed appointment of one new independent non-executive director, with a set annual remuneration of RMB80,000, is also under consideration.

All resolutions will be tabled at an extraordinary general meeting on 24 December 2025. Shareholders are advised to refer to official documents and notices for further details and to comply with the necessary arrangement for attending or voting.