ANHUIEXPRESSWAY (00995) Establishes a Joint Venture with Other Members of the S24 Consortium and Changgao Expressway Company

ANHUIEXPRESSWAY (00995) announces that on November 6, 2026, the Company entered into the S24 Joint Venture Agreement with other members of the S24 Consortium and reached agreement on arrangements relating to the establishment of the S24 Joint Venture Company. The total capital contribution by the Consortium and the government investor representative Changgao Expressway Company to the S24 Joint Venture Company will reach RMB1.313 billion, of which Anhui Transportation Holding Group, the Company, Kaiyuan Road & Bridge Company, Shuian Construction Company, Changgao Expressway Company, Jiaokong Engineering, Jiaokong Construction and Xunjie Logistics will contribute RMB637 million, RMB26.27 million, RMB328 million, RMB197 million, RMB65.67 million, RMB39.4 million, RMB13.13 million and RMB6.57 million, respectively. The initial registered capital of the S24 Joint Venture Company upon its registration and establishment is RMB100 million. The S24 Hangzhou-to-Hefei Expressway Xuancheng Section Phase II Project is an important new inter-provincial corridor connecting Anhui and Zhejiang. Establishing the S24 Joint Venture Company with other members of the S24 Consortium and Changgao Expressway Company will enable the Company to participate in the S24 Project. Through participation in the S24 Project, the Company will further expand and enhance its expressway business layout, improve regional transportation capacity, enhance the Company's overall profitability and strengthen its competitiveness in the regional road network. The S24 Project will also enable the Company to further leverage its experience and advantages in toll road operations and continuously optimize its expressway asset layout, which is in line with the Company's development strategy.