Ge Long Hui·2025-10-21 15:04Group 1 - The company announced a conditional agreement to acquire 338,419,957 shares of Shandong Expressway Co., Ltd., representing 7% of the total issued share capital, for a total consideration of RMB 3.019 billion, equivalent to RMB 8.92 per share [1] - The target company is a publicly listed company on the Shanghai Stock Exchange, primarily engaged in traffic infrastructure investment and operations, with revenue sources from multiple core business segments including highway toll operations, intelligent transportation, commodity sales, railway transportation, highway management services, and engineering construction [1] Group 2 - The company has been focusing on highway operations for many years, aiming to continuously improve operational and revenue quality to enhance profitability and shareholder returns [2] - The acquisition of shares in the target company is expected to further expand the company's effective investments and strengthen its core business [2] - Following the completion of the acquisition, the company may consider further purchases of shares in the target company and will comply with relevant regulations [2]