Shandong Hi-speed (600350.SH)controlling shareholder intends to transfer 7% of the company's shares to Anhui Expressway.

Shandong Hi-Speed (600350.SH) announced that its controlling shareholder, Shandong Hi-speed Group Co., Ltd. ("Hi-speed Group"), signed a Share Transfer Agreement with Anhui Expressway Co., Ltd. ("Anhui Expressway") on October 21, 2025. It is planned to transfer 7% of the company's shares held by Hi-speed Group, totaling 338 million shares, at a price of 8.92 yuan per share through a non-public agreement, with a transaction amount of 3.019 billion yuan. Before this equity change, Hi-speed Group held 3.412 billion shares of the company, accounting for 70.57% of the total share capital, while Anhui Expressway did not hold any shares of the company. After this equity change, Hi-speed Group holds 3.073 billion shares of the company, accounting for 63.57% of the total share capital, and Anhui Expressway holds 338 million shares of the company, accounting for 7% of the total share capital.