Sichuan Chengyu Expressway: Subsidiary company Sichuan South Company plans to purchase 85% equity of the target company held by Shudao Venture Capital for 2.409 billion RMB.

Sichuan Chengyu Expressway announced that its wholly-owned subsidiary Shunan Company has entered into a stock transfer agreement with Shudao Chuangtou, purchasing 85% of the equity of the target company held by Shudao Chuangtou for RMB 2.409 billion. The target company is held by Shudao Chuangtou and Jinhao Group, with 85% and 15% shares, respectively. After the acquisition, the target company will become an indirectly non-wholly-owned subsidiary of Shunan Company, holding 85% of the shares. Shudao Chuangtou is required to provide performance guarantees for the non-deductible net profit of the target company for the years 2026 to 2028, with guarantee amounts of RMB 2.35 billion, 2.47 billion, and 2.7 billion, respectively. If the actual non-deductible net profit does not reach the guaranteed amount, Shudao Chuangtou must provide performance compensation in cash.