Shenzhen Expressway Corporation Limited (ShenzhenExpress) announced that its Board of Directors approved a proposal on 24 September 2026 to overhaul the company’s Articles of Association and Rules of Procedures for the Shareholders’ Meeting. The initiative responds to the revised Company Law of the People’s Republic of China, the China Securities Regulatory Commission’s Trial Administrative Measures for overseas listings, and the 2025 Guidelines for Articles of Association of Listed Companies.

Key measures include:

1. Unification of Share Classes • A Shares and H Shares will no longer be treated as separate share classes, and the associated class-meeting mechanism will be abolished. The move aligns corporate governance with current PRC legislation and Hong Kong Stock Exchange guidance, aiming to create a unified, transparent decision-making framework and reduce compliance risks.

2. Adjustment of Budget Approval Authority • Responsibility for approving the annual financial budget will be transferred from shareholders’ meetings to the Board, a step the company says will streamline processes and improve decision-making efficiency.

3. Clarification of Core Business Scope • The amendments clarify ShenzhenExpress’s primary responsibilities and principal business to reinforce strategic focus and operational transparency.

Implementation of the revisions requires approval by shareholders through an extraordinary general meeting and class meetings, followed by registration or filing with relevant PRC authorities. The company will distribute a circular detailing the proposed changes in due course.

As of the announcement date, ShenzhenExpress’s Board comprises four executive directors, four non-executive directors, and four independent non-executive directors. ShenzhenExpress emphasizes that the proposed governance enhancements are designed to safeguard shareholder interests and support the company’s long-term sustainable development.