Shandong Hi-Speed Road & Bridge Group (000498.SZ)'s controlling shareholder and its concert parties plan to increase their shareholding in the company by RMB 450 million to RMB 900 million.

Shandong Hi-Speed Road & Bridge Group (000498.SZ) announced that its controlling shareholder Shandong Hi-Speed Group Co., Ltd. ("Hi-Speed Group") and its concert party Shandong Hi-Speed Investment Holding Co., Ltd. ("Hi-Speed Investment Holding") plan to increase their shareholding in the company within 6 months from the date of the announcement disclosure, through centralized bidding transactions using special loans for shareholding increases and/or their own funds. The total increase amount shall be no less than RMB 450 million (inclusive) and no more than RMB 900 million (inclusive), of which Hi-Speed Group shall increase its shareholding by a total amount of no less than RMB 300 million (inclusive) and no more than RMB 600 million (inclusive); Hi-Speed Investment Holding shall increase its shareholding by a total amount of no less than RMB 150 million (inclusive) and no more than RMB 300 million (inclusive).