ANHUIEXPRESSWAY(00995) plans to invest approximately 3.0187 billion yuan to acquire 7% equity of Shandong Hi-speed(600350.SH)

ANHUIEXPRESSWAY (00995) announced that on October 21, 2025, the company entered into a share transfer agreement to acquire approximately 338.4 million shares of A-shares of Shandong Hi-speed Corporation Limited (600350.SH) from Shandong Hi-speed Group Limited, representing 7% of the total issued share capital of Shandong Hi-speed Corporation Limited as of the date of this announcement. The total consideration of the acquisition is approximately RMB 3.0187 billion 44, equivalent to RMB 8.92 per share of the transferred shares. It is reported that the target company is mainly engaged in investment and operation of transportation infrastructure, as well as equity investment in the upstream and downstream related fields of the highway industry chain. The revenue sources of the target company cover multiple core business segments, including toll operation of expressways, intelligent transportation, commodity sales, railway transportation, expressway management services, and engineering construction. The announcement stated that the target company is an excellent company in the industry, and the acquisition of a portion of the target company's shares will further expand the company's effective investment, effectively promote the company's core business to become stronger, better, and bigger. After the completion of this acquisition, the company can further deepen its strategic cooperation relationship with the target company, which will help both parties continue deep business cooperation and exchanges. Based on this, the company may consider further acquiring shares of the target company in the future, and will comply with relevant regulations of the listing rules in a timely manner.