On 27 March 2026, Anhui Expressway Company Limited signed a three-year Financial Services Agreement with Anhui Transportation Holding Group’s wholly owned subsidiary, Anhui Transportation Finance. The agreement will become effective after approval by independent shareholders at the upcoming annual general meeting.
Key terms • Deposit Services: The Group may place current, time, call and agreement deposits with Anhui Transportation Finance, carrying interest rates not lower than those offered by other major PRC banks. The maximum daily balance is capped at RMB6.00 billion, including accrued interest. • Credit Facilities Services: Anhui Transportation Finance will extend loans, guarantees, discounted bills and other financing (excluding entrusted loans) at interest rates no higher than those of comparable PRC banks. The aggregate credit facilities available at any time are also capped at RMB6.00 billion. • Settlement Services: Cash collection and payment processing will be provided free of charge. • Other Financial Services: Entrusted loans and financial advisory services may be provided, with total annual fees capped at RMB1.00 million for each of the years ending 31 December 2026, 2027 and 2028.
Regulatory classification Because Anhui Transportation Holding Group holds 33.63% of Anhui Expressway, Anhui Transportation Finance is a connected person under Hong Kong Listing Rules. • Deposit Services and Credit Facilities Services each exceed the 5% percentage ratio threshold, requiring reporting, annual review, announcement and independent shareholders’ approval under Chapter 14A. • The Deposit Services also constitute a disclosable transaction under Chapter 14, as the highest percentage ratio is below 25%. • Settlement Services are exempt as they are free of charge. • Other Financial Services fall below the 0.1% de minimis threshold and are currently fully exempt.
Rationale and safeguards Management expects the arrangement to broaden funding channels, reduce financing costs and improve cash utilisation. Anhui Transportation Finance operates under PBOC and NFRA supervision and is familiar with the Group’s operations, allowing tailored financial solutions.
To protect shareholder interests, Anhui Expressway has established daily monitoring of deposit and credit balances, comparative pricing checks against major PRC banks, regular risk assessments and withdrawal stress tests. Independent non-executive directors and auditors will perform annual reviews in accordance with Listing Rule requirements.
Next steps A circular containing full details, the Independent Board Committee’s recommendation and the Independent Financial Adviser’s opinion will be dispatched to shareholders on or before 21 May 2026. Anhui Transportation Holding Group and its associates will abstain from voting on the resolution at the AGM.