Dongguan Development (000828.SZ) plans to acquire part of the equity of Xinzhao Company held by Dongguan Road and Bridge.

Dongguan Development (000828.SZ) announced that the company currently indirectly holds a 35% equity interest in Dongguan Xinzhao Investment Co., Ltd. ("Xinzhao Company"). To further increase its shareholding ratio, obtain control over Xinzhao Company, and include it in the scope of consolidated financial statements, the company and Dongguan Road and Bridge Investment and Construction Co., Ltd. ("Dongguan Road and Bridge") signed an "Equity Transfer Letter of Intent" on November 12, 2026, to acquire part of the equity of Xinzhao Company held by Dongguan Road and Bridge, so as to achieve consolidated reporting of the Huichang Expressway Dongguan Section project. After the completion of this transaction, the company will achieve consolidated reporting of the Huizhou Huidong to Dongguan Changping Expressway Dongguan Section project ("Huichang Expressway Dongguan Section project"), adding 14.9 kilometers of new expressway mileage, effectively expanding the scale of the company's core expressway business and further enhancing its sustainable profitability.