The board of Zhejiang Expressway (00576) has announced that it has been informed that Zhejiang Oceanking Development Co.,Ltd. (603213) received a registration approval from the China Securities Regulatory Commission (CSRC) on June 30, 2026, regarding the proposed share swap merger and the issuance of A shares under a special authorization.

The key points of the CSRC approval are as follows: The CSRC has agreed to the registration application for Zhejiang Expressway to absorb and merge Zhejiang Oceanking Development Co.,Ltd. by issuing no more than 540,986,199 new shares. The merger must be carried out strictly in accordance with the application documents submitted to the Shanghai Stock Exchange. All relevant parties are required to fulfill information disclosure obligations promptly in accordance with regulations and to complete the relevant procedures for this merger. This approval is valid for a period of 12 months from the date of issuance. Should any significant events requiring disclosure under laws and regulations arise, or major issues be encountered during implementation, the parties must report to the Shanghai Stock Exchange in a timely manner and handle them according to relevant rules.

The board of Zhejiang Expressway stated it will proceed with the matters related to this transaction within the stipulated timeframe, in accordance with the CSRC approval, relevant laws and regulations, and the authorizations granted by the extraordinary general meeting and class meetings of shareholders, while fulfilling its information disclosure obligations.