Core Viewpoint - The company announced that as of December 10, 2025, it received a notification from its major shareholder, Yunshan Capital, regarding an increase in shareholding from 12.00% to 13.00% through the acquisition of 25.378 million H-shares from September 22 to December 10 [1] Group 1 - Yunshan Capital increased its stake in the company by acquiring 25.378 million H-shares, raising its ownership percentage from 12.00% to 13.00% [1] - As of December 10, Yunshan Capital directly holds a total of 329.922461 million shares, which includes 242.976461 million A-shares and 86.946 million H-shares [1] - The change in shareholding does not require the disclosure of a report on equity changes and does not trigger a mandatory takeover bid [1] Group 2 - The share acquisition plan by Yunshan Capital is not yet fully implemented, and there are intentions for further increases in shareholding at an opportune time [1]

Core Insights - The article highlights the top and bottom AH share premium rates as of December 9, with Northeast Electric (00042) leading at a premium of 938.46% and Ningde Times (03750) at the bottom with a premium of -6.40% [1][2] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 938.46% and a deviation value of 69.76% [1][2] - Beijing Jingcheng Machinery Electric (00187) follows with a premium of 271.15% and a deviation value of 38.89% [1][2] - Hongye Futures (03678) ranks third with a premium of 270.18% and a deviation value of 3.33% [1][2] Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has a premium rate of -6.40% and a deviation value of 3.51% [1][2] - China Merchants Bank (03968) shows a premium of -0.87% with a deviation value of -0.30% [1][2] - Heng Rui Medicine (01276) has a premium of 1.70% and a deviation value of -1.61% [1][2] Group 3: Deviation Values - The highest deviation values are seen in Northeast Electric (00042) at 69.76%, Beijing Jingcheng Machinery Electric (00187) at 38.89%, and China Metallurgical Group (01618) at 31.96% [1][2] - The lowest deviation values are recorded for GAC Group (02238) at -19.60%, Jiangsu Ninghu Expressway (00177) at -16.52%, and Shenzhen Expressway (00548) at -13.03% [1][2]

Group 1 - The article highlights the top three and bottom three AH premium rates for stocks as of December 8, with Northeast Electric (00042) leading at 900.00% [1] - The second and third highest AH premium rates are for Hongye Futures (03678) at 271.02% and Zhejiang Shibao (01057) at 263.14% [1] - The lowest AH premium rates are for Ningde Times (03750) at -7.18%, followed by China Merchants Bank (03968) at 0.50% and Hengrui Medicine (01276) at 3.12% [1] Group 2 - The article provides a detailed ranking of the top ten AH stocks by premium rate, with Northeast Electric (00042) having a significant premium of 900.00% and a deviation value of 33.05% [1] - Other notable stocks in the top ten include Sinopec Oilfield Service (01033) with a premium of 259.21% and a deviation value of -5.20% [1] - The bottom ten AH stocks by premium rate include Weichai Power (02338) with a premium of 5.92% and a deviation value of -3.57% [1] Group 3 - The article also lists the top ten AH stocks by deviation value, with Northeast Electric (00042) again leading with a deviation of 33.05% [1] - Guanghetong (00638) and Beijing Jingcheng Machinery (00187) follow with deviation values of 28.42% and 26.94% respectively [1] - The bottom three stocks by deviation value include GAC Group (02238) at -17.56%, Jiangsu Ninghu Expressway (00177) at -17.19%, and Shenzhen Expressway (00548) at -11.56% [1]

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at a premium of 900.00% and Ningde Times (03750) at the bottom with a premium of -4.97% [1][2][3] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has the highest premium rate of 900.00% with a deviation value of 33.66% [1][4] - Hongye Futures (03678) follows with a premium of 268.44% and a deviation value of 3.75% [2][4] - Sinopec Oilfield Service (01033) ranks third with a premium of 264.47% and a deviation value of 0.08% [1][2] Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -4.97% with a deviation value of 5.61% [3][5] - China Merchants Bank (03968) has a premium of -3.09% and a deviation value of -2.65% [3][5] - Heng Rui Medicine (01276) shows a premium of 0.15% with a deviation value of -3.16% [3][5] Group 3: Top Deviation Values - Northeast Electric (00042) leads with a deviation value of 33.66% [1][4] - Guanghetong (00638) has a deviation value of 30.36% [4] - Beijing Jingcheng Machinery (00187) follows with a deviation value of 23.74% [4] Group 4: Bottom Deviation Values - GAC Group (02238) has the lowest deviation value at -24.07% [5] - Jiangsu Ninghu Highway (00177) shows a deviation value of -18.32% [5] - Shenzhen Expressway (00548) has a deviation value of -11.27% [5]

Group 1 - The core announcement is regarding the third dividend distribution for the year 2025 by E Fund Management Co., Ltd. for the E Fund Shen High-Speed Highway Closed-End Infrastructure Securities Investment Fund [1] - The dividend distribution base date is set for September 9, with a detailed dividend plan indicating a distribution of 2.24 yuan per 10 shares for the E Fund Shen High-Speed REIT (code: 508033) [1] - The beneficiaries of this dividend are all fund holders registered on the equity registration date of December 9, with cash dividends to be distributed on December 11 [1] Group 2 - The fund will distribute earnings through cash dividends, and reinvestment of dividends is not supported [1] - According to relevant laws and regulations, the fund's earnings distributed to investors are currently exempt from income tax [1] - There will be no dividend handling fees charged for this distribution [1]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant disparities in market valuations between A-shares and H-shares [1][2] - Northeast Electric (00042) leads with a premium rate of 900.00%, while CATL (03750) shows a negative premium rate of -4.93%, suggesting potential investment opportunities and risks [1] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042) with a premium of 900.00% and a deviation value of 34.85% [1] - Hongye Futures (03678) with a premium of 272.56% and a deviation value of 8.87% [1] - Zhejiang Shibao (01057) with a premium of 261.81% and a deviation value of 5.38% [1] - The bottom three stocks with the lowest AH premium rates are: - CATL (03750) with a premium of -4.93% and a deviation value of 6.10% [1] - China Merchants Bank (03968) with a premium of -1.58% and a deviation value of -1.24% [1] - Heng Rui Medicine (01276) with a premium of 0.64% and a deviation value of -2.66% [1] Deviation Value Rankings - The top three stocks with the highest deviation values are: - Guanghetong (00638) with a deviation value of 36.62% [1] - Northeast Electric (00042) with a deviation value of 34.85% [1] - Beijing Machinery (00187) with a deviation value of 27.48% [1] - The bottom three stocks with the lowest deviation values are: - GAC Group (02238) with a deviation value of -20.57% [1] - Jiangsu Ninghu Highway (00177) with a deviation value of -13.89% [1] - Shenzhen Expressway (00548) with a deviation value of -12.04% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00548） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而作出。 茲載列深圳高速公路集团股份有限公司（「本公司」）在上海證券交易所網站發布的《關 於子公司藍德環保有關事項進展的公告》，僅供參閱。 承董事會命 趙桂萍 公司秘書 中國，深圳，2025 年 12 月 3 日 於本公告之日，本公司董事會的成員包括執行董事徐恩利先生、廖湘文先生和姚海先生； 非執行董事陳雲江先生、伍燕淩女士和張堅女士；以及獨立非執行董事李飛龍先生、繆 軍先生、徐華翔先生和顏延先生。 | 证券代码：600548 | 股票简称：深高速 | | | 公告编号：2025-102 | | --- | --- | --- | --- | --- | | 债券代码：188451 | 债券简称：21 | 深高 | 01 | | | 债券代码：185300 ...

| 证券代码：600548 | 股票简称：深高速 | | | 公告编号：2025-102 | | --- | --- | --- | --- | --- | | 债券代码：188451 | 债券简称：21 | 深高 | 01 | | | 债券代码：185300 | 债券简称：22 | 深高 | 01 | | | 债券代码：240067 | 债券简称：G23 | 深高 | 1 | | | 债券代码：241018 | 债券简称：24 | 深高 | 01 | | | 债券代码：241019 | 债券简称：24 | 深高 | 02 | | | 债券代码：242050 | 债券简称：24 | 深高 | 03 | | | 债券代码：242539 | 债券简称：25 | 深高 | 01 | | | 债券代码：242780 | 债券简称：25 | 深高 | Y1 | | | 债券代码：242781 | 债券简称：25 | 深高 | Y2 | | | 债券代码：242972 | 债券简称：25 | 深高 | Y3 | | | 债券代码：242973 | 债券简称：25 | 深高 | Y4 | | 深圳高速公路集团股份有限公司 ...

Core Insights - The article highlights the top and bottom AH share premium rates as of December 3, with Northeast Electric (00042) leading at a premium rate of 900.00% [1][2]. Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has the highest premium rate at 900.00% with H-share priced at 0.270 HKD and A-share at 2.25 CNY [2]. - Hongye Futures (03678) follows with a premium rate of 276.85%, H-share at 3.240 HKD and A-share at 10.19 CNY [2]. - Sinopec Oilfield Service (01033) ranks third with a premium rate of 265.79%, H-share at 0.760 HKD and A-share at 2.32 CNY [2]. Group 2: Bottom AH Share Premium Rates - Contemporary Amperex Technology (03750) has the lowest premium rate at -4.88%, with H-share priced at 473.600 HKD and A-share at 376.08 CNY [2]. - China Merchants Bank (03968) has a premium rate of -0.25%, H-share at 51.650 HKD and A-share at 43.01 CNY [2]. - Heng Rui Medicine (01276) follows with a premium rate of 1.71%, H-share at 71.800 HKD and A-share at 60.97 CNY [2]. Group 3: Premium Deviation Values - Guanghe Communication (00638) has the highest deviation value at 49.00% [1][3]. - Northeast Electric (00042) also features prominently with a deviation value of 36.60% [1][3]. - Chenming Paper (01812) ranks third with a deviation value of 26.74% [1][3]. Group 4: Bottom Premium Deviation Values - GAC Group (02238) has the lowest deviation value at -26.76% [1][3]. - Junsheng Electronics (00699) follows with a deviation value of -18.54% [1][3]. - Jiangsu Ninghu Highway (00177) has a deviation value of -15.01% [1][3].

Core Viewpoint - The company has received approval for the expansion project of the Dongguan-Shenzhen Expressway, which is currently under construction and progressing as planned [1] Group 1: Project Approval and Details - The Dongguan-Shenzhen Expressway expansion project was approved by the Guangdong Provincial Development and Reform Commission in October 2022 [1] - The project includes the construction of the Dongguan to Shenzhen section of the Pearl River Delta Ring Road, specifically the expansion of the Tangxia to Dongcheng section and the Longlin branch line [1] - Construction of the project commenced at the end of 2022 and is currently advancing in an orderly manner [1] Group 2: Company Operations - The company operates the Dongguan-Shenzhen Expressway, which encompasses the first and second phases, the third phase Dongcheng section, and the Longlin branch line [1]