BAY AREA DEV(00737): The Guangzhou-Shenzhen-Zhuhai Company respectively entered into a construction supervision contract (Section JL1) with Guangdong Xiangfei and a construction supervision contract (Section JL2) with Guangdong Hualu.

BAY AREA DEV (00737) announced that, after conducting public tender and bidding procedures through the Guangzhou Public Resources Trading Center, on September 21, 2026 (after trading hours), the Guangzhou-Shenzhen-Zhuhai Company respectively entered into a construction supervision contract (Section JL1) with Guangdong Xiangfei and a construction supervision contract (Section JL2) with Guangdong Hualu. Pursuant to the construction supervision contracts, the relevant supervisors will undertake the construction supervision work for their respective sections of the Shenzhen section of the Beijing-Hong Kong-Macau Expressway. The total contract price is RMB 106,313,195, of which the contract price for the construction supervision contract (Section JL1) is RMB 38,191,800, and the contract price for the construction supervision contract (Section JL2) is RMB 68,121,395. The investment, construction, operation and maintenance of expressways is one of the principal businesses of the Group. The entering into of the construction supervision contracts is part of the implementation of the Guangzhou-Shenzhen section reconstruction and expansion project of the Beijing-Hong Kong-Macau Expressway, which will help enhance the traffic capacity and service level of the Guangzhou-Shenzhen section of the Beijing-Hong Kong-Macau Expressway, strengthen the Group's core competitiveness in the toll road industry, and is in line with the Group's development strategy. Guangdong Xiangfei and Guangdong Hualu, as the respective supervisors under the construction supervision contracts, were selected as the winning bidders for the corresponding construction supervision contracts, both having ranked first among all bidders through the standardized tendering and bidding procedures stipulated by the laws and regulations of the PRC on tendering and bidding. Pursuant to the above laws and regulations, the bidder with the highest comprehensive score will be ranked first and confirmed as the winning bidder. The score is assessed by an independent tender committee (the majority of whose members are randomly selected by the Guangzhou-Shenzhen-Zhuhai Company from an external expert database) according to a set of scoring criteria, which takes into account a series of standard factors stipulated in the tender documents, including but not limited to bid price, experience and track record, technical capability and reputation.