Zhejiang Expressway Schedules 30 Oct 2026 ESM to Approve New INEDs, Related-Party Transaction Caps and Remuneration Policy

Bulletin Express10-15

Zhejiang Expressway Co., Ltd. has called an Extraordinary Shareholders’ Meeting (ESM) for 10:00 a.m. on 30 October 2026 at its Hangzhou headquarters to deliberate six ordinary resolutions covering board composition, related-party transactions and remuneration governance. Key agenda items include:

1. Board Strengthening • Election of Mr. Lu Yingjie and Mr. Zhang Zhuting as independent non-executive directors (INEDs). • Authorization for the board to finalise service contracts and related documentation, with any executive director empowered to execute the agreements.

2. Related-Party Transaction Approvals • Confirmation of first-half 2026 transactions between the Group and Zhejiang Communications Investment Group and its subsidiaries, plus approval of estimated daily transaction caps for 2H26; management will be allowed to execute agreements within these limits. Transactions for 2027 may follow 2026 caps pending formal approval. • Similar confirmation and forward-looking transaction caps for dealings with Shanghai Rural Commercial Bank Co., Ltd. (SHRCB) covering 1H26 actuals and 2H26 estimates, with provisional guidance for 2027.

3. Governance Enhancement • Adoption of a Remuneration Management Policy for directors and senior management, effective upon the Company’s A-share listing on the Shanghai Stock Exchange.

Administrative Details • H-share register closes 27–30 October 2026; record date is 30 October 2026. • Shareholders must submit reply slips by 29 October 2026 and proxy forms at least 24 hours before the meeting. • The meeting will be conducted by poll; attendees bear their own travel and accommodation costs.

Corporate Information • Chairman: Mr. Yuan Yingjie. • Executive Directors: Mr. Wang Qiming, Mr. Li Wei. • Employee Director: Ms. Liu Yiying. • Non-Executive Directors: Mr. Zhao Xilong, Mr. Fan Ye. • Current INEDs: Mr. Pei Ker-Wei, Ms. Lee Wai Tsang, Rosa, Mr. Yu Mingyuan.

The resolutions aim to strengthen board independence, formalise related-party oversight and align executive remuneration with forthcoming A-share listing requirements.

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