山西高速集团股份有限公司第九届董事会第四次会议决议公告

Group 1 - The company held its ninth board meeting on December 29, 2025, to discuss various proposals, including the acquisition of a 15% stake in Shanxi Transportation Industry Development Group Co., Ltd. [2][3] - The board approved the acquisition proposal with a vote of 3 in favor and 6 abstentions, with related directors recusing themselves from the vote [3][4][19] - The acquisition price for the 15% stake is set at 74.8 million yuan, based on an assessment valuing the stake at approximately 75.47 million yuan [18][20][29] Group 2 - The company revised several internal management policies, including the Comprehensive Risk Management Measures and Internal Control Evaluation Measures, all of which were approved unanimously [5][6][7][8][9][10][11][12] - The company will not consolidate the financials of the acquired entity, as it will remain a joint investment with Shanxi Transportation Holding Group Co., Ltd. and China Merchants Highway Network Technology Holdings Co., Ltd. [20][21] - The transaction is classified as a related party transaction but does not constitute a major asset restructuring as defined by the China Securities Regulatory Commission [18][52] Group 3 - The acquisition aligns with the company's long-term strategic goals, allowing it to leverage the operational strengths of the target company in the road economy sector [49][50] - The company has not engaged in any significant related party transactions exceeding 30 million yuan in the past 12 months, aside from this transaction [51] - The company has obtained all necessary approvals for the transaction, ensuring compliance with relevant laws and regulations [55]