Shenzhen Expressway (Stock Code: 00548) released unaudited figures for April 2026, showing that its expressway portfolio generated a combined RMB 846.07 million in toll revenue. Of this, RMB 367.71 million—stemming from projects whose earnings are fully consolidated—will be reflected in the Group’s top line.

Outer Ring Project delivered the single-largest monthly contribution at RMB 102.54 million, supported by an average daily revenue of RMB 3.42 million. Among non-consolidated projects, GS Expressway led with RMB 204.17 million (average daily RMB 6.81 million), followed by GZ West Expressway at RMB 94.66 million (RMB 3.16 million per day).

Key consolidated assets in Shenzhen contributed as follows: • Jihe East Expressway: RMB 56.14 million (daily RMB 1.87 million) • Jihe West Expressway: RMB 45.84 million (daily RMB 1.53 million) • Coastal Project: RMB 70.53 million (daily RMB 2.35 million) • Meiguan and Longda Expressways together: RMB 22.30 million (combined daily RMB 0.74 million)

Outside the Shenzhen region, Qinglian Expressway and Changsha Ring Road added RMB 51.70 million and RMB 18.67 million, respectively, to consolidated revenue.

April included three toll-free holiday days for small passenger vehicles, a factor highlighted by the company as having an impact on the reported numbers.

Management cautions that the disclosed figures are unaudited and partly based on estimates pending network settlement adjustments; variances may appear in subsequent statutory filings.