Shandong Hi-Speed Company Limited (600350.SH) Major Shareholder Plans to Transfer 7% of Company Shares to Anhui Expressway Company Limited

Stock News10-21

Shandong Hi-Speed Company Limited (600350.SH) announced that its controlling shareholder, Shandong Hi-Speed Group Co., Ltd. (referred to as "Hi-Speed Group"), has signed a share transfer agreement with Anhui Expressway Company Limited (referred to as "Anhui Expressway") on October 21, 2025. Under the non-public agreement, Hi-Speed Group intends to transfer 7% of its shares in the company, equating to 338 million shares, at a price of 8.92 yuan per share, amounting to a total transaction value of 3.019 billion yuan. Prior to this change in equity, Hi-Speed Group held 3.412 billion shares, representing 70.57% of the company's total equity, while Anhui Expressway did not hold any shares in the company. After this equity change, Hi-Speed Group will hold 3.073 billion shares, comprising 63.57% of the total equity, and Anhui Expressway will hold 338 million shares, representing 7% of the total equity.

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